Bitcoin, ether, solana, other crypto prices today surge. Check latest rates

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Cryp­tocur­ren­cy prices today rose with the world’s largest and most pop­u­lar dig­i­tal token Bit­coin trad­ing more than a per cent high­er at $17,207. The glob­al cryp­tocur­ren­cy mar­ket cap today remained below the $1 tril­lion mark, even as it was up in the last 24 hours to $902 bil­lion, as per the data by CoinGecko.

“Over the week­end, Bit­coin changed hands between the $16,900 and $17,300 lev­els. It sug­gests a tough bat­tle between the bulls and bears to gain pow­er. BTC’s sup­port now holds at the $16,000 lev­el, where bears might become active. How­ev­er, the imme­di­ate resis­tance for buy­ers lies at $17,622 to reverse the down­ward trend. On the oth­er hand, Ethereum is trad­ing clos­er to the $1,300 lev­el gain­ing more than 10% over the week­end. If the price can break above the cur­rent lev­el, it would con­firm the bear’s weak­ness,” said Edul Patel, CEO and Co-founder, of Mudrex, a glob­al cryp­to invest­ment platform.

On the oth­er hand, Ether, the coin linked to the ethereum blockchain and the sec­ond largest cryp­tocur­ren­cy, also gained by over 2% to $1,292. Mean­while, doge­coin price today was trad­ing more than 2% high­er at $0.10 where­as Shi­ba Inu was up over a per cent at $0.000009.

Oth­er cryp­to prices’ today per­for­mance also improved as Binance USD, Avalanche, Teth­er, Ter­ra, Solana, Poly­gon, ApeCoin, Lite­coin, Stel­lar, XRP, Car­dano, Uniswap, Polka­dot, Chain­link prices were trad­ing with gains over the last 24 hours where­as Tron slipped.

The cryp­to sec­tor hit a record val­ue of almost $3 tril­lion late last year, before mar­ket tur­moil prompt­ed by ris­ing inter­est rates and a string of indus­try blow-ups wiped more than $2 tril­lion from its val­u­a­tion. Bit­coin, the biggest token, is down by three-quar­ters from its record high of $69,000.

FTX filed for bank­rupt­cy in Novem­ber after a week in which a pos­si­ble merg­er with rival cryp­to exchange Binance failed, Bankman-Fried was accused fun­nel­ing cus­tomer deposits to FTX’s affil­i­at­ed trad­ing firm Alame­da Research, and the exchange expe­ri­enced with­drawals of about $6 bil­lion in just 72 hours.

(With inputs from agencies)

The views and rec­om­men­da­tions made above are those of indi­vid­ual ana­lysts or broking com­pa­nies, and not of Mint.


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