Bitcoin price today: Crypto price today: Bitcoin, Ethereum, Shiba Inu, BNB zooms up to 9%
Except for the dollar-denominated USD coin and Unus Sed Leo, all other crypto tokens were in the green on Tuesday. Bitcoin rose around 6 percent, while Ethereum rose by 9 percent. Shiba Inu was also up 7 percent.
The global market value of cryptocurrency traded higher at $ 909.69 billion, zooming more than 6 percent in the last 24 hours. However, the total trading volume of cryptocurrencies jumped almost 38 percent to $ 55.27 billion.
What is cooking in India
The Singapore-based crypto-lending and trading platform Vauld said it would suspend withdrawals and trade and seek new investors, the latest sign of stress in the difficult crypto-industry.
Vauld’s CEO Darshan Bathija said in a blog post that it was facing financial challenges. He said: “The volatile market conditions, the financial difficulties of our key business partners inevitably affect us.”
Expert ta
Edul Patel, co-founder and CEO of Mudrex, said that Bitcoin rose to take advantage of the US holiday after a false outbreak of $ 19,000. “The largest crypto is down nearly 44 percent since last US Independence Day,” he added. “We can probably see Bitcoin trading sideways in the next few days.”
Global updates
The epic collapse of the once powerful crypto hedge fund Three Arrows Capital has ravaged the industry for digital assets and contributed to a record-breaking first half of bitcoin’s price.
US-Israeli cryptocurrency lender Celsius laid off around 150 employees as it battles a financial crisis that saw it stop customer withdrawals last month, Calcalist reported at the weekend.
Tech View by Giottus Crypto Platform
Cosmos is a Web 3.0-focused proof-of-stake blockchain that provides interoperability and scalability solutions to existing blockchains. ATOM, Cosmos’ original token, is currently one of the few cryptocurrencies that is witnessing a weekly trend.
ATOM has recorded weekly and daily gains of 13% and 11%, respectively, and trades at $ 8.8. However, the coin is still 80% down from the highest in January at $ 44.
ATOM has been in a downward trend since January. After creating a series of lower highs, it turned long-term trend line support into $ 13.7 resistance.
It made several attempts to break through the resistance trend line in May and June, creating a bottom of $ 5.6. After another unsuccessful attempt, ATOM finally broke over the trend line resistance and is now approaching its .236 Fib retracement of $ 9.12.
Despite unfavorable market conditions, ATOM has been on an upward trend since 18 June. The daily RSI of 55 indicates the strength of the uptrend and the increasing trading volumes may confirm a bullish reversal for the coin.
The coin is trading above its 50-day SMA of $ 8.7 – another good sign. ATOM must break over $ 10 psychological resistance (also 50-day EMA) to restore market confidence. The trend line serves as immediate support for $ 7.6. Any further downward movement could bring in the $ 5.6 bottom as a support zone.
Main levels
Resistance: $ 9.12, $ 10, $ 11.3
Support: $ 7.6, $ 5.6
(The views and recommendations given in this section are analysts’s and do not represent those of ETMarkets.com. Consult your financial advisor before taking any position in the asset (s) mentioned.)
