Bitcoin Price: The Best Cryptocurrency Prices Today: Bitcoin, Ethereum, Ripple Gain Up To 4%

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NEW DELHI: Major cryptocurrencies were trading with slight gains on Wednesday. Crypto traders have turned cautious with a positive bias on digital tokens, after volatility of a few weeks. Eight of the top 10 digital tokens were trading higher at 9:30 am IST, up 4%.

Bitcoin holds its own amid a slew of negative headlines, extending its rally for day three and lifting the spirits of the beaten bulls. The largest cryptocurrency has exceeded its average price over the past 20 days, a positive indication for advocates looking for the digital token to regain its upward momentum.

Featured stock picker Cathie Wood’s ARK Invest partners with 21Shares US LLC, which filed with the United States Securities and Exchange Commission on Monday to create a bitcoin exchange-traded fund (ETF), the latest fund manager trying to take advantage of the growing interest of investors. in cryptocurrencies.

“Sentiment across the crypto board is strongly bullish. Investors are seizing every opportunity to buy if it falls. The rally has been seen in all areas like BTC, ETH, XRP and other altcoins pulled from a downside. Massive buying spree Despite strong selling pressure recently, the correction has caught the attention of investors, “said Edul Patel, CEO and co-founder of Mudrex.

TP ICAP plans to launch a cryptocurrency trading platform with Fidelity Investments and Standard Chartered’s digital asset custody unit. TP ICAP is the world’s largest interprofessional brokerage. The platform will initially allow them to trade Bitcoin, with the second largest Ether token to be added later.

However, traders have become wary of buzzing cryptocurrencies which recently hit 95%, eroding almost all of investor wealth.

Tech View by ZebPay Trade DeskBasic Attention Token (BAT), with a total market cap of over $ 830 million, has been quite limited in recent weeks, trading between $ 0.5 and $ 0.6. Volumes, however, were not as volatile and held up well. BAT’s underlying asset is the Brave browser which has seen better mass adoption by retailers and publishers in recent months.

This added to the fact that BAT is still relatively undervalued given its usefulness, acquiring the asset at these levels appears to be a very attractive proposition for long-term investors. Additionally, as the ERC-20 and DeFi space continues to grow, BAT is poised to be successful.

ETMarkets.com BAT was trading in a downtrend over a few weeks and last week it hit a low of $ 0.425. The asset took support to lower levels and showed signs of recovery. This week BAT has started to climb, pushing the Higher Top Higher Bottom pattern up nearly 45% from the recent low. BAT has immediate resistance at 0.63 and once this is broken we would expect the asset to rally to the next resistance level which is at 0.725.

Main Levels Support: $ 0.485, $ 0.425 Resistance: $ 0.63, $ 0.725

The time is in UTC and the daily time is 12:00 to 12:00 UTC.

(The opinions 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 a position in the asset (s) mentioned.)

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