Bitcoin Price Today Above $42,000; Ether, Cardano, and Other Top Cryptocurrency Rates are all falling.
The global crypto market capitalization is $1.87 trillion, down 2.10 percent from the previous day. Over the previous 24 hours, the entire crypto market volume has been $94.71 billion.
Bitcoin was trading at $42.254 on Sunday, down 0.93 percent in the previous 24 hours. The largest virtual currency, on the other hand, has dropped 11.69 percent in the last week. On Sunday, the market capitalization of Bitcoin was $795.22 billion.
Since last week, Bitcoin and other virtual currencies have been trading in the red due to the financial crisis at Evergrande, there is a lot of uncertainty in the market, the housing finance company that was on the brink of collapse and was expected to default on its payment, this sent shockwaves across the markets in the world.
Markets were also pulled down by the ambiguity surrounding the tapering timeframe, which was clarified at the US Fed meeting last week. The tapering of asset purchases will begin very soon, according to US Fed Chairman Jerome Powell, who spoke during the meeting. This pumped up the markets all around the country.
Ethereum, on the other hand, was trading at $2,857.18, down 2.48 percent, while the Ether had down 16.34 percent in the previous week. Cardano was down 5.25 percent to $2.25 in the red. Cardano has a market capitalization of $72.22 billion dollars.
Cryptocurrency prices have been volatile since China's central bank declared a ban on all cryptocurrency payments and services on Friday, increasing the country's ongoing crackdown on bitcoin and other digital coins as it prepares to launch its own virtual currency.
Exchanging bitcoin for legal money, offering information or pricing services, and trading in cryptocurrency derivatives are all “strictly prohibited" by Chinese officials. The rule also applies to foreign exchanges that provide services within the country's borders via the internet.
Criminal penalties will be imposed on those who violate the law. Beijing has tightened restrictions on what it sees as a vehicle for capital flight and competition for the digital yuan, which is expected to launch as early as 2022.
The worldwide crypto market capitalization is $1.87 trillion, down 2.10 percent from the previous day. The overall crypto market volume over the last 24 hours has decreased by 29.85% to $94.71 billion. The entire volume in DeFi is currently $13.77 billion, accounting for 14.54 percent of the total 24-hour volume in the crypto market. The overall volume of all stable coins is now $75.47 billion, accounting for 79.69 percent of the total 24-hour volume of the crypto market.
The price of bitcoin is $42,240.19 right now. Bitcoin's dominance is currently 42.58 percent, up 0.47 percent from the previous day.
After the comments of several renowned celebrities in December, Bitcoin achieved an all-time high of $64,895 on April 14. Bitcoin prices have been in the red for several days, due to a variety of factors all across the world.
The Binance Coin was trading at $340.47 on Saturday, down 5.33 percent in the previous 24 hours and 16.93 percent in the previous week. Binance coin has a market capitalization of $ 57.413 billion.
The top ten cryptocurrencies and their prices as of September 26th, 2021 are listed below (data from coinmarketcap.com while publishing the article) :
- Bitcoin $42,254 or (-0.93 per cent) change in 24 hours
- Ethereum $2,857.64 or (-2.48 per cent) change in 24 hours
- Cardano $2.25 or (-5.25 per cent) change in 24 hours
- Tether $1.00 or (+0.01 per cent) change in 24 hours
- Binance Coin $340.47 or (-5.33 per cent) change in 24 hours
- XRP $0.9876 or (-1.11 per cent) change in 24 hours
- Solana $145.70 or (-1.44 per cent) change in 24 hours
- Polkadot $32.11 or (+2.04 per cent) change in 24 hours
- USD Coin $1.00 or (+0.01 per cent) change in last 24 hours.