“Rising by over 10% in the past 24 hours, ETH is trading in the $2.1k zone despite some fearing a massive dump after the Shapella upgrade. BTC is also on the rise to chase the $31k mark. The crypto fear and greed index have jumped 7 points to regain the scoring for 68, hinting towards increasing investor confidence,” Parth Chaturvedi, Crypto Ecosystem Lead at CoinSwitch, said.
Other top crypto tokens were also trading higher on Friday. Dogecoin jumped nearly 9%. Meanwhile, BNB, XRP, Litecoin, Solana and Cardano also traded with gains. The global cryptocurrency market cap was trading higher around $1.28 trillion, rising 4.25% in the last 24 hours.
The market cap of Bitcoin, the world’s largest cryptocurrency, was around $595 billion. Bitcoin’s dominance is currently 46.30%, a decrease of 0.95% over the day, according to CoinMarketCap.
“Bitcoin surged above the US$30,800 level in the past 24 hours as crypto markets continued to react to the latest US inflation report. The support for BTC is located at the US$30,400 level, while resistance lies at the US$30,800 level,” Edul Patel, Co-founder and CEO at Mudrex, said.
Rajagopal Menon, Vice President at WazirX said, “Major market oscillators point to a neutral sentiment. The Relative Strength Index (14) sits at 71, with a neutral outlook. The Stochastic %K (14, 3, 3) indicates “Sell” at 88 and the Average Directional Index (14) indicates a Neutral outlook at 39.
“The MACD Level (12, 26), at 1097, indicates Buy. The Stochastic RSI Fast (3, 3, 14, 14) indicates Sell at 86 and William’s Percentage is Sell at −9 as well,” Menon added.Crypto Cart: Quick Glance (Source: coinmarketcap.com, data as of 10.54 hours, IST on April 14, 2023)
Bitcoin $30,780 2.34%
Ethereum $2,117 10.52%
Tether $1.00 0.01%
BNB $334 4.82%
XRP $0.5247 3.79%
Cardano $0.4414 8.49%
Dogecoin $0.09086 9.12%
Polygon $1.18 6.97%
Solana $25.32 5.60%
Polkadot $6.79 5.81%
Shiba Inu $0.00001139 4.18%
Litecoin $98.24 6.28%
Tron $0.0665 2.31%
(Note: Price change in last 24 hours)
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
