Cryptocurrency prices today: Cryptocurrencies fell sharply on Friday, with a sudden selloff dragging bitcoin to a three-week low. Bitcoin slipped below $23,000 on expectation of further rate hikes. Manoj Dalmia, Founder and Director of Proassetz Exchange, said, “BTC is still trading above its support levels. After a weekly close above $24,000, BTC managed to reach its resistance level of $25,200. Currently, it has returned to $23,000 and is still trading in an area between $22,800 and $25,000. A breakout with volume above $25,200 can lead to $29,000. Overall, the trend is sideways and a breakout on either side can only justify a new trend.
Even for Ethereum, the merger excitement has been done and dusted off. Experts see range-bound movement in the coming days. The global cryptocurrency market capitalization has taken a hit and is down 2.76% from Thursday levels. Data from CoinMarketCap, a cryptocurrency data aggregator, showed the global cryptocurrency market capitalization at $1.09 trillion, down from $1.12 trillion on Thursday.
Even for Ethereum, the merger excitement has been done and dusted off. Experts see range-bound movement in the coming days. Shiba Inu plunged 12%, while Avalanche and Dogecoin fell as much as 14% each. Cardano and Polkadot were down 8% each.
The European Central Bank (ECB) has said it will harmonize the way banks offer crypto assets to ensure they have enough capital and expertise in a sector that some European Union lawmakers have said. described as the Wild West. Several crypto companies like Binance and Crypto.com have been authorized in EU countries like Italy, France, Spain, Greece or Germany after complying with national safeguards to fight against the money laundering and terrorist financing.
The co-founder of bankrupt cryptocurrency Terra, which collapsed and wiped out around $40 billion in investor money in May, admitted he was “mistaken” but said that he was not speaking to South Korean investigators. The dramatic disintegration of stablecoin TerraUSD and its sister token Luna – whose value has fallen to near zero – has hit the broader crypto market, causing over $500 billion in losses.
Here are the top 10 cryptocurrencies and their prices as of August 20, 2022 (data from coinmarketcap.com at the time of this article’s publication)
Bitcoin $21,761.07 or 7.46% loss in the last 24 hours
Ethereum $1,740.10 or 6.15% loss in the last 24 hours
Cardano $1.00 or 0.00% loss in the last 24 hours
Tether $1.00 or 0.02% gain in the last 24 hours
XRP $0.3427 or 8.98% gain in the last 24 hours
Solana $36.32 or 11.70% loss in the last 24 hours
Dogecoin $0.06979 or 13.98% loss in the last 24 hours
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