Quick analysis of cryptocurrency prices on October 23: The value of the world market fell to $1.26 trillion.

The world’s oldest and most valuable cryptocurrency, Bitcoin (BTC), started to decline early on Friday morning. Well-known cryptocurrencies, including as Litecoin (LTC), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Ethereum (ETH), consistently performed poorly. Floki Inu (FLOKI) eventually emerged as the biggest gainer, achieving a gain of more than 27% in a single day. Bitcoin SV (BSV), meanwhile, saw a decline of more than 7% in a day, making it the biggest loser.

As of the time of writing, the value of the entire cryptocurrency market was $1.26 trillion, a decrease of 1.33 percent in a day.

Bitcoin Price Today
According to CoinMarketCap, the price of bitcoin was $34,088.58, down 2.10 percent in a day. As per the Indian exchange WazirX, the current value of Bitcoin was Rs 29.25 lakh.

Ethereum Price Today
At the time of writing, the price of ETH was $1,790.97, a 1.07 percent increase in just 24 hours. Ethereum’s price in India was Rs 1.53 lakh, according to WazirX.

Dogecoin Price Today
According to CoinMarketCap data, DOGE saw a decrease of 0.26 percent in a day and is currently trading at $0.07156. The price of Dogecoin in India was Rs 6.12, according to WazirX.

Litecoin Price Today
Litecoin lost 2.32 percent in a day. It was trading at $68.12 at the time this was written. The cost of LTC was Rs 5,800.01 in India.

Ripple Price Today
The price of XRP was $0.5532 after declining 0.89 percent in a day. The price of ripple was Rs 47.87, according to WazirX.

Solana Price Today
The price of Solana was $32.35, down 1.15 percent in a day. The price of SOL in India was Rs 2,798.89, according to WazirX.

October 21,cryptocurrency price in brief: The value of the world market stayed at $1.26 trillion.

The oldest and most valuable cryptocurrency in the world, Bitcoin (BTC), was able to maintain its $34,000 price throughout the weekend. Early on Monday morning, CoinMarketCap reported that the market’s Fear & Greed Index was 72 (greed). Notable altcoins witnessed slight increases across the board, including Dogecoin (DOGE), Ethereum (ETH), Ripple (XRP), Solana (SOL), and Litecoin (LTC). Gala (GALA) went on to climb by more than 16 percent in a day, making it the top gainer. However, Maker (MKR) had a drop of more than 2 percent in just one day, making it the biggest loser.

At the time of writing, the value of the global cryptocurrency market was $1.26 trillion, indicating an increase of 0.85% over the previous 24 hours.

Bitcoin Price Today
According to CoinMarketCap, the price of bitcoin increased by 0.82 percent in a day to $34,290.95. As per the Indian exchange WazirX, the current value of Bitcoin was Rs 29.65 lakh.

Ethereum Price Today
At the time of writing, the price of ETH was $1,748.48, a 0.51 percent increase in just 24 hours. Ethereum’s price in India was Rs 1.55 lakh, according to WazirX.

Dogecoin Price Today
Currently trading at $0.06871, DOGE showed a gain of 0.49 percent over the course of a day, according to data from CoinMarketCap. The price of Dogecoin in India was Rs 5.98, according to WazirX.

Litecoin Price Today
Litecoin gained 1.24 percent in a day. Its trading price at the time of writing was $68.28. The cost of LTC was Rs 5,920.01 in India.

Ripple Price Today
The price of XRP was $0.555 after rising 2.09 percent in a day. The price of ripple was Rs 47.42, according to WazirX.

Solana Price Today
The price of solana was $32.86, up 3.57 percent in a day. WazirX reports that the price of SOL in India was Rs 2,731.

Bitcoin witnessed some profit booking as it fell more than 1% but managed to retain around 34,000-levels, while Ethereum was also seen in red, slightly lower, and remained around $1,800-levels.

Bitcoin and other cryptocurrencies took a breather on Friday ahead of the weekend’s lack of events. However, a slowdown in the digital asset market was expected following a significant gain in the previous few days. Analysts expect buying enthusiasm to stay in the digital asset market in the coming days.

Bitcoin experienced some profit booking as the largest crypto asset fell more than 1% but managed to stay around 34,000 levels. However, its greatest peer, Ethereum, was also in the red, somewhat lower, and remained below the $1,800 mark. The vast majority of altcoins were trading with cuts.

The cryptocurrency market appears to be cooling off after a seven-day rise. With a score of 70/100, the crypto fear and greed index is likewise firmly into the greed zone, indicating bullish feelings among crypto investors. The broader crypto market has reacted similarly and appears to be cooling off following the rise.

In related news, Deutsche Bank and Standard Chartered’s SC Ventures are testing UDPN, a system that allows blockchain, stablecoins, and CBDCs to connect in the same way that SWIFT does in traditional banking. UDPN connects blockchains, implements digital identification standards, and allows for controlled transactions.

The bulk of popular crypto coins were trading down on Friday, with a few outliers. Polkadot fell more than 3%, while Toncoin, Polygon, and Chainlink each fell 2%. Among the gainers, Solana and BNB each gained nearly 1%, while Dogecoin rose somewhat.

The worldwide cryptocurrency market cap was trading much lower, down to $1.26 trillion, after losing more than 1% in the previous 24 hours. However, total trade volumes fell by nearly 7% to $46.88 billion.

Bitcoin experienced some profit booking as it fell more than 1% but held above 34,000 levels, while Ethereum fell about 2% but remained around $1,800.

Bitcoin and other cryptocurrencies fell early Wednesday when the ticker for BlackRock’s (BLK) spot bitcoin ETF – IBTC – was withdrawn from the Depository Trust & Clearing Corporation’s (DTCC) website, only to be reinstated later. However, profiting from impulsive crypto purchases is nothing new.

After a strong secular rally, Bitcoin saw some profit booking as the largest crypto token fell more than 1% but managed to stay around 34,000-levels. However, its largest peer, Ethereum, fell nearly 2% but remained below the $1,800 mark. The majority of altcoins were trading at a loss.

Following the sudden debut of BlackRock’s spot bitcoin ETF (IBTC) ticker on the US Depository Trust & Clearing Corporation’s website, Bitcoin’s value recently crossed the $35,000 mark. However, despite the ticker’s brief removal and reappearance, prices have returned to about $34,000 in the last 24 hours.

This positive momentum could also be attributed to Grayscale’s legal victory over the US Securities and Exchange Commission, as the DC Circuit Court of Appeals ordered the SEC to reexamine its denial of Grayscale’s spot bitcoin ETF application. These combined considerations have fueled market players’ excitement regarding the anticipated approval of Bitcoin spot ETF applications.

The bulk of popular crypto coins were trading down on Wednesday, with a few outliers. Dogecoin and Polkadot were both down more than 3%, while Toncoin, Polygon, Solana, and BNB were all down 2%. Among the gainers, Chainlink gained more than 11%, while XRP gained nearly 1%.

The worldwide cryptocurrency market cap was trading much lower, down to $1.25 trillion, after losing approximately 1% in the previous 24 hours. However, total trade volumes fell by more than 13% to $69.61 billion.

Bitcoin (BTC) and Ethereum (ETH) have both fallen in value during the last 24 hours, which could be attributed to the temporary removal of BlackRock’s (BLK) spot Bitcoin ETF ticker, IBTC, from the Depository Trust & Clearing Corporation’s (DTCC) website. It’s worth noting, however, that the ticker was relisted after a few hours.

Both BTC and ETH are currently trading above the 50-day and 200-day Exponential Moving Averages (EMA-D) and are consolidating after their recent upward trend. While ETH must pass a few resistance levels before it can resume its climb, BTC is displaying strength by reaching a 52-week high.

Quick analysis of cryptocurrency prices on October 16: The value of the world market fell to $1.25 trillion.

After breaking through the $34,000 barrier yesterday, Bitcoin (BTC) was able to maintain its new high early on Wednesday morning. Nevertheless, Ethereum (ETH) dropped below $1,800 and is now trading at $1,700. Following an abrupt surge, coin prices typically experience a period of decline. As a result, the majority of well-known cryptocurrencies had slight declines overall, including Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC). After falling more than 7% in a day, Memecoin Pepe (PEPE), the cryptocurrency that had gained the most on Tuesday, turned out to be the greatest loser of all. Conversely, the MINA token emerged as the largest gainer, exhibiting a staggering 24-hour surge of more than 50 percent.

The value of the world’s cryptocurrency market was $1.25 trillion at the time of writing, a 1.67 percent decrease in a day.

Bitcoin Price Today
According to CoinMarketCap, the price of bitcoin was $34,016.72, down 1.40 percent in a day. As per the Indian exchange WazirX, the current value of Bitcoin was Rs 28.59 lakh.

Ethereum Price Today
As of this writing, the price of ETH was $1,788.11, down 1.78 percent in the last 24 hours. Ethereum’s price in India was Rs 1.51 lakh, according to WazirX.

Dogecoin Price Today
According to CoinMarketCap data, DOGE saw a 3.09 percent 24-hour decline, with its current price being $0.06612. The price of Dogecoin in India was Rs 5.57, according to WazirX.

Litecoin Price Today
Litecoin lost 2.09 percent in a day. When this was written, the price was trading at $69.67. The cost of LTC was Rs 5,856.75 in India.

Ripple Price Today
The price of XRP was $0.5537 after rising 0.78 percent in a day. The price of ripple was Rs 46.76, according to WazirX.

Solana Price Today
The price of Solana was $31.03, down 1.81 percent on a day. The price of SOL in India was Rs 2,722.95, according to WazirX.

Bitcoin (BTC) hit a quick six-week high by July 29 as the fallout from the latest macro development boosted risk assets.

BTC/USD 1 Hour Candlestick Chart (Bitstamp). Source: TradingView
A monthly closing could seal 20% profits
Data from Cointelegraph Markets Pro and TradingView captured local highs of $24,445 for BTC/USD on Bitstamp, the best since the week beginning June 13.

After consolidating around $23,000, bulls got a second wind to push the market higher on the back of the latest US Federal Reserve rate hike and GDP data confirming the US is now in recession.

Risk assets outperformed overall, with bitcoin and altcoins joining gold to give traders and analysts reason for a positive outlook.

Gold #GOLD $GLD $GC_F held the bottom of the 23-month rectangle (yellow), which will serve as a handle for the massive C&H. The bull market has begun. Prices are heading north. The goal aimed for $3,000 over the next few years.

“This is getting interesting,” chain monitor Material Indicators tweeted in an update to its short and long signal thread for the June 28 BTC/USD daily chart. He observed the potential for Bitcoin to reach a higher high (HH). next:

“All trend spotting signals are printed on the Long D chart, plus the 21-DMA and 50-DMA unwinds. If BTC can form a HH, there will be a small friction to the next HH and then the macro channel will go into the YES range, it is still a bear market rally.”

Material Indicators added that $25,000 would also be a key price level to watch if the higher high at $24,300 holds for the day’s close.

“If this rally can get past $25,000 then $28,000 will take center stage very quickly,” read part of another post.

“The parabolic downtrend from ATH has been broken,” Blockware Chief Analyst William Clemente, meanwhile, summed up in a skewed alternative view of BTC’s current price performance in 2022.

From the same point last week, BTC/USD is up a modest 4% at the time of writing. With two days left until July’s weekly close, the pair was on track to close out monthly gains of over 20%, data from Coinglass confirmed.

BTC/USD monthly returns chart (screenshot). Source: Coinglass
Key support ETH eyes regained above $1,700
Altcoins were similarly rosy on the day as Ether (ETH) breached $1,700 to challenge the highs of the week dating back to June 6.

Related: 3 Bitcoin Trading Behaviors Suggest BTC’s Return to $24,000 Is a ‘Fakeout’

Does it scare you or get you very, very excited? #ETH

While Material Indicators toyed with the idea of another retracement and a lower low well below $1,000, others acknowledged the strength of short-term price action across altcoins.

“$ETH, like many altcoins, successfully retested old resistances to new supports and has rebounded strongly since then,” commented popular trader and analyst Rekt Capital.

Strong rebound from $ETH after successful retest

ETH is slowly approaching the next immediate resistance (upper orange box)

ETH would need to regain the bottom of this box as support if it is to move higher #ETH #Crypto #Ethereum

Additional analysis called for ETH/USD to reclaim the support zone starting around $1,730 for a continuation.

The views and opinions expressed herein are solely those of the author and do not necessarily reflect those of Cointelegraph.com. Every investment and trading step involves risk, you should do your own research when making a decision.

Cryptocurrencies have been hit hard by fears that interest rate hikes will end the era of cheap money, with the world’s biggest digital asset, bitcoin, down more than 56% from this year’s high. Several crypto companies have filed for bankruptcy or been forced to seek emergency capital infusions.

Singaporean crypto hedge fund Three Arrows Capital (3AC) filed for Chapter 15 bankruptcy on July 1. Once a formidable player in the digital asset space, 3AC’s downfall appeared to stem from the firm’s bet on the Terra ecosystem, which was behind it. terraUSD stablecoin failed. The token lost almost all of its value in May, draining nearly half a trillion dollars from the crypto market.

The highly leveraged 3AC was unable to meet calls for additional payment from the counterparties it borrowed from. As a result, crypto lenders BlockFi and Genesis Trading liquidated their positions in the firm. According to court filings, 3AC’s creditors say they are owed more than $2.8 billion.

CELSIUS NETWORK New Jersey-based crypto lender Celsius suspended withdrawals on June 12 and filed for Chapter 11 bankruptcy a month later, listing a $1.19 billion deficit on its balance sheet. It was valued at $3.25 billion in an October funding round. Celsius encountered complex investments in the wholesale digital asset market.

The company lured retail investors by promising annual returns of up to 18.6%, but struggled to meet redemptions as cryptocurrency prices fell. In its first bankruptcy filing, lawyers for Celsius said bitcoin mining could provide the company with a way to repay customers. Meanwhile, several state regulators are investigating Celsius’ decision to suspend customer selection, Reuters reported.

Crypto lender Voyager Digital, also based in New Jersey, has been a rising crypto star, reaching a market capitalization of $3.74 billion last year. But the collapse of 3AC dealt a major blow to Voyager, which was heavily exposed to the hedge fund. Voyager filed claims of more than $650 million against 3AC.

Voyager filed for Chapter 11 bankruptcy on July 6 and announced that it has $110 million in cash and crypto assets. Since then, the US Federal Deposit Insurance Corp has confirmed that it is investigating Voyager’s marketing of deposit accounts for cryptocurrency purchases that the company advertised as FDIC insured.

Crypto exchange FTX and Alameda Research, both founded by billionaire Sam Bankman-Fried, offered to buy all of Voyager’s digital assets and loans, with the exception of 3AC’s loans, and allowed Voyager customers to withdraw their assets from the FTX account. Voyager, however, dismissed the offer as a “low price offer” in a court filing.

Singaporean crypto lender Vauld filed for protection from its creditors in a Singapore court on July 8 after suspending withdrawals a few days ago. The company owes its creditors $402 million, The Block reports. Vauld is backed by billionaire investor Peter Thiel’s Valar Ventures, Pantera Capital and Coinbase Ventures. In a July 11 blog post, Vauld said it is discussing a possible sale to London-based crypto lender Nexo while exploring potential restructuring options.

Faced with a surge in withdrawals and a hit from 3AC, crypto lender BlockFi signed an agreement with FTX on July 1 that provides BlockFi with a $400 million revolving credit facility and includes an option that allows FTX to buy the company for up to $240 million.

BlockFi was hit hard by the cryptocurrency crash and implemented several cost-cutting measures in June, including cutting staff by 20% and reducing executive compensation. The company was valued at $3 billion in a funding round last year.