The volatility of the crypto market has lately been causing great fluctuation in the prices of Bitcoin. However, today the crypto that suffered because of volatility was Dogecoin.
The marker volume was recorded at $83.39 billion over the last 24 hours. The market cap increased by 1.88% and reached $1,81 trillion. The total volume in Defi is hovering around $8.77 billion.
Keeping in view the global economic gloom, the crypto market remained quite positive on Thursday, 28 April. Most of the cryptos were in the green, which is quite an improvement after many of them plunged yesterday.
Source: FintechZoom – Cryptocurrency Live Prices: 28 April 16:00 GMT
Bitcoin
Source: FintechZoom – Bitcoin Price: 28 April 16:00 GMT
There was a major rise in bigger cryptocurrencies, including Bitcoin. The price increased by 0.69%, and the digits remain green throughout the day. The market value rose to $39,495. In the last 7 days, the token has shown a 2.0% increase from the current value.
Though analysts were blaming the recent drawdown on Nasdaq and Bitcoin correlations, the intra-day volatility has ceased to some extent. The future for Bitcoin investors seems much more clear.
Ethereum
Source: FintechZoom – Ethereum Price: 28 April 16:00 GMT
Though Ethereum witnessed a drawdown, analysts are looking forward to a plummet. The market price was recorded at $2,887, which was a decrease by 0.10% at the time of writing.
The bearish exhaustion is quite visible in the latest trends of altcoins. Ethereum has suffered by 4.15% in the past week but this week its price surged by 1.21%
Dogecoin
Source: FintechZoom – Dogecoin Price: 28 April 16:00 GMT
While Bitcoin rose, Dogecoin’s price fell by 1.93%. The market price was recorded at $0.13. The current condition of Dogecoin is yet another example of the volatility of the crypto market.
The recent purchase of Twitter by Elon Musk was predicted to galvanize the activity of Dogecoin across the market. However, the market value of Dogecoin has decreased by 6.78% over the past 7 days.
Tether
Source: FintechZoom – Tether Price: 28 April 16:00 GMT
Tether showed a whopping increase of 1.69% in the market value. The market price was recorded at $39,896 at the time of writing. The market witnessed strong selling of Tether throughout the day. Over the past 7 days, its price decreased by 0.01%.
USD Coin
Source: FintechZoom – USD Coin Price: 28 April 16:00 GMT
The USD coin also remained green today and the market price increased by 0.01%. The selling and buying ratio was neutral.
The market volume was recorded at $935.917k. As one of the stable coins, whose value is pegged to USD, the price remained at $0.99.
XRP
Source: FintechZoom – XRP Price: 28 April 16:00 GMT
XRP had been through a terrible fluctuation of 8.0% decrease over the past week. Today was yet another bad day for XRP, as the price decreased by 0.88%. The market price was $0.63.
Though there are signs of recovery, investors are selling XRP at high momentum.
Conclusion
It was a good day for top cryptocurrencies. However, some cryptos are still hovering in the red phase, including Dogecoin, XRP, and Ethereum.
Though the selling pressure predicts the reversal of the market, nothing can be said for sure.
