Crypto Price Today Live: Bitcoin Barely Holds $19k; Dogecoin rises 3%, XRP and Solana fall
The data could move prices, although in recent comments Federal Reserve bankers have reiterated their commitment to prioritizing stable inflation, which they see as the biggest threat to the economy.
Top crypto tokens traded mixed on Wednesday. Dogecoin increased by 3 percent, Bitcoin and Ethereum also rose. XRP and Solana lost 3 percent each, followed by one percent declines in Shiba Inu and Polygon.
The global cryptocurrency market capitalization traded flat at $919.50 billion, rising significantly over the past 24 hours. However, total trading volume fell nearly 12 percent to $48.55 billion.
What is cooking in India
SOCLLY, a social network for Web 3.0 influencers, educators and artists, launches in India. As of now, SOCLLY has around 15+ Web3 creators from a variety of streams.
The expert’s assessment
Unocoin co-founder and CEO Sathvik Vishwanath said the majority of cryptocurrencies were trading down, depressing the market value of all cryptocurrencies.
“In the past, bearish sessions at the beginning of the week have lasted long enough to reach the weekend, so there may be an opportunity for planned averaging apart from bitcoin which may turn bullish due to the sudden and significant increase in the mining network,” he added. .
Global updates
Mango, a decentralized financial platform hosted on the Solana blockchain, has been leveraged for over $100 million. The exploit was first reported on Twitter.
Google will start accepting crypto payments for cloud services early next year. Announced at Google’s Cloud Next conference, the tech giant said it will accept crypto payments via an integration with crypto exchange Coinbase.
BNB Smart Chain (BSC) will this week perform a hard fork as a solution to the October 6 exploit that drained an estimated $100 million from the platform.
The world’s largest custodian bank and the oldest lender in the United States, Bank of New York Mellon (BK), has added cryptocurrencies to its custody services.
Cryptocurrency payments company Ripple Labs has formed new partnerships in France and Sweden, continuing its march into Europe despite the current winter freeze enveloping much of the crypto industry.
Technical view of BuyUcoin cryptocurrency exchange
Terra Classic (LUNC) increases on v3 upgrade. LUNC is one of the few cryptoassets that has witnessed a significant jump in the last 24 hours. The latest development of the v3 upgrade is expected to increase the supply of the coin and could have a significant impact on prices.
AgenciesThe network supporters (Terra Rebels) have also announced the revival plan for LUNC which has created a positive sentiment around the coin. However, the growth momentum may be short-lived as inflation figures are expected this week. The macroeconomic factors will determine the future rate of the majority of crypto-assets.
(Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial advisor before taking any position in the asset(s) mentioned.)
