The value of popular cryptocurrencies including Bitcoin and Ether remained stable on Friday despite a marginal rise in volatility.
Bitcoin has remained stable after rising sharply on Thursday. (Photo: Reuters)
Popular cryptocurrencies have managed to remain stable on Friday after rising sharply a day ago.
The value of all popular virtual coins rose on Thursday after Tesla CEO Elon Musk’s comment boosted the price of Bitcoin, the world’s most popular cryptocurrency. All other altcoins followed Bitcoin to register sharp gains.
While Bitcoin’s value has remained stable over the past 24 hours, cryptocurrency markets are witnessing increased volatility. Bitcoin’s value was $32,461, up nearly 1 per cent at 2:25 pm.
Cryptocurrency highlights | Check yesterday’s prices
Ether has finally managed to cross $2,000, up by over 2.2 per cent. However, Dogecoin and Cardano seem to have lost momentum as both were trading in negative territory.
Most other altcoins including XRP, Stellar, Uniswap Chainlink and Litecoin are trading positively at the moment.
Edul Patel, CEO and Co-founder of Mudrex, a global algorithm based crypto trading platform, said, “The cryptocurrency markets showed signs of increased volatility in the past 24 hours. The top two cryptos by market capitalization, Bitcoin and Ethereum, managed to retain their crucial price levels.”
“BTC is above the $30,500 mark, and ETH is hovering above $2000. These levels are significant as they impart positive sentiment to the crypto markets, which usually tend to be shaky entering the weekend,” he added.
“The coming 24 hours are likely to be a consolidation phase for the cryptocurrency market.”
Here are the latest prices and trends of popular cryptocurrencies:
Price (US Dollar)
Market cap (Billion)
Volume (24 Hours)
DISCLAIMER: The cryptocurrency prices have been updated as of 2:35 pm and will change as the day progresses. The list is intended to give a rough idea about popular cryptocurrency trends and be updated daily.
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