Bitcoin (BTC) was up 0.10% at $21,840, while Ethereum (ETH) dipped below the $1,550 level. BTC volume in the last 24 hours stood at approximately $19.34 billion, increasing 27.24% in the last 24 hours.
BTC's market capitalization was around $421.47 billion, with a dominance of around 41.52%, according to CoinMarketCap.
โBitcoin traded below the $22,000 level over the weekend after US-based Kraken halted its staking service and paid a $30 million fine to the SEC for failing to register the $21,770 support level. If the situation persists, BTC may continue to decline towards $21,500 by the end of the week," said Edul Patel, co-founder and CEO of Mudrex.
Volume across all stablecoins was $38.93 billion, representing 91.23% of the total 24-hour volume of the crypto market.
โMacroeconomic factors are swinging prices in the crypto market, including regulatory uncertainty and higher-than-expected December consumer prices. The upcoming FOMC meeting is the next big event for the digital asset market that investors are looking forward to. eagerly," Shivam Thakral, CEO of BuyUcoin, said.
Sathvik Vishwanath, co-founder and CEO of Unocoin, said that "the cryptocurrency market is currently experiencing a decline in the value of Bitcoin, but with the support of the 200 day EMA, there may be a chance to make new highs if the market is over $20,300.โ Crypto Cart: Quick (Source: coinmarketcap.comdata as of 11:48 a.m. IST 13 Feb 2023)
Bitcoin $21,840 0.10%
Ethereum $1,520 -0.92%
Mooring $1 0.01%
BNB $314.79 2.36%
XRP $0.3749 -1.79%
Dogecoin $0.08424 2.79%
Cardano $0.3628 -1.00%
Polygon $1.22 -2.96%
Polka dots $6.21 -0.55%
Tron $0.06515 1.98%
Litecoin $92.97 -0.67%
Shiba-Inu $0.00001297 0.88%
Solana $21.04 0.97%
(Note: price change in the last 24 hours)
(Disclaimer: The recommendations, suggestions, views and opinions given by the experts are my own. These do not represent the views of The Economic Times)
