Best cryptocurrency prices today: Bitcoin, Solana lost 3%; Polkadot wins 3%

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New Delhi: Major cryptocurrencies posted profits on Wednesday, with the number one Bitcoin digital token dipping the most. However, he passed the $ 60,000 mark.

Seven of the top 10 cryptocurrencies were trading lower at 9.45 am IST. Besides Bitcoin, Solana lost 2% while Polkadot gained 3%.

The global crypto market cap has fallen by more than one percent to $ 2.58 trillion from the last day. However, the total crypto market volume climbed over 17% to $ 114.51 billion.

Bitcoin’s price has remained relatively limited in a range over the past few trading sessions as any sign of profit taking has been seen with a sharp drop in buying, CoinDCX Research Team.

“Altcoins that could potentially be in play include Cardano, which hasn’t seen much price movement in a month despite continued increases in Layer 1 tokens, as well as AAVE, which remains relatively undervalued.” , he added.

Tech View by ZebPay Trade DeskLitecoin (LTC) has performed quite well over the past week. The asset has grown almost 10% over the past week and is currently trading at levels of $ 200. LTC has a market cap of $ 13.8 billion and is ranked number 16.

LTC is designed to provide fast, secure, and low-cost payments by leveraging the unique properties of blockchain technology. With a block time of just 2.5 minutes and extremely low transaction fees, LTC is best suited for micro-transactions and point-of-sale payments.

LTC traded in an uptrend and last week the bulls pushed the price above the psychological level of $ 200 and hit the high of $ 214.65. Assets jumped nearly 53.5% in one month. However, LTC faced strong resistance at $ 215.7 (78.6% Fibonacci retracement level) and corrected almost 11%.

The asset took hold of the ascending trendline and 20-day moving average and began to consolidate in a range of $ 190 to $ 200. If the price maintains support, the bulls may resume their bullish movement. If the price breaks the support we can expect a further fall and the prices could slide to the next support level of $ 165.

Main Levels Support: $ 185, $ 165 Resistance: $ 215, $ 236

(The time is in UTC and the daily time is 12:00 to 12:00 UTC) (The views and recommendations given in this section are those of the analysts and do not represent those of ETMarkets.com. Please consult your financial advisor before taking any position in the mentioned asset (s).)

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