Bitcoin under psychological mark of $ 47,000, Shiba Inu on an upward journey

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The prices of major cryptocurrencies were underperforming, with investors recording profits and waiting for other clues to buy. Bitcoin (BTC) continued to trade well below its physiological mark of $ 47,000 at $ 46,955.58 with a marginal gain of 0.40%. Rival Ethereum is down 0.03% slightly to $ 3,919.29, according to data from coinmarketcap.com at 8:45 a.m.

Meanwhile, in a big win for Cardano users, its native ADA token has been accepted by Flexa for transactions at over 40,000 locations in the United States, FlexaHQ tweeted. Flexa is a digital payment network that allows merchants in its network to accept cryptocurrencies as a method of payment. Cardano (ADA) is trading at a loss of 0.68% despite positive developments regarding its use case. It is now available for $ 1.23.

Algorand, known as the Ethereum killer, fell 3.04% to $ 1.30. Its market capitalization now stands at $ 8,252,685.96.

Among other major coins, Binance Coin (BNB) is down 1.49% to $ 520.66, while Solana (SOL) slumps 4.31% to trade at $ 172.09.

Global crypto market capitalization fell 0.26%; it now stands at $ 2.19 trillion. Total crypto market volume over the past 24 hours is $ 94.73 billion, representing an increase of 20.12%, adding to an otherwise lackluster trading day. However, Bitcoin’s market cap relative to the overall crypto market cap rose 0.28% to 40.57%.

The top winner today was Yeti Coin (YETI COIN), which rose 973.81% to $ 11.59. The big loser was Hakuryu (RYU), which is trading at $ 0.001342, down 96.56% in price over the past 24 hours.

Meme Coins

Dogecoin (DOGE) prices continue to decline with trading volume increasing 54.51% to $ 877,613,091. It’s currently available for $ 0.1675, which indicates a drop of 1.28% in the past 24 hours.

With a strong buying interest, his rival Shiba Inu is back in force. It is currently trading with a gain of 2.83% at $ 0.00003137. Its trading volume increased 193.41% to $ 1,824,775,353.

ELON is trading at a loss of 0.16% to $ 0.000001036 and Floki Inu is down 2.13% to $ 0.0001179. Samoyed Coin (SAMO), however, crashed 6.07% to $ 0.04002.

Latest updates

A senior U.S. Treasury official has asked the U.S. Congress to pass legislation regarding the ever-growing crypto market, she said in an interview with Bloomberg. “If Congress doesn’t enact legislation, regulators will try to use the authority they have.”

Former Argentine President Mauricio Macri met with Ethereum co-founder Vitalik Buterin and discussed the future of crypto in Argentina, which suffers from high inflation and massive devaluation of its currency. . Buterin was in Argentina to attend the anniversary event of The Graph, a decentralized blockchain data indexing and viewing protocol, Bloomberg linea reported.

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