Cryptocurrencies Price News Today: $38,000 TerraUSD A Bit Up

Cryptocurrencies price news today, April 29: Bitcoin price today stood at $38,733.74, data showed.

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Cryptocurrencies Price News Today: Bitcoin, Ethereum, and a few other major crypto coins climbed modestly on Friday, April 29, stated by news18, bringing the global crypto market cap back into the black, but markets remained volatile amid the Fed’s hawkish stance.

CoinMarketCap’s worldwide cryptocurrency market cap is $1.76 trillion today, with a 3.37 percent decrease over the last day.

On the other hand, Bitcoin is towards $39,000 after plunging below $38,000 for the first time this month in a recent decline.

The Cryptocurrencies Price News Today, according to CoinMarketCap, was $38,733.74, Bitcoin’s price. This was up 2.60 percent in the last 24 hours but down 2.48 percent in the previous week.

The total volume in DeFi is currently $8.94B, 9.60 percent of the total crypto market 24-hour volume. The volume of all stable coins is now $78.38B, which is 85.27 percent of the total crypto market’s 24-hour volume.

According to Darshan Bathijia, Vauld’s CEO and Co-founder, the social interest has risen in the BTC’s recent fall, particularly in purchasing the dip. Also, its social volume increased dramatically in recent days. Though BTC broke beyond the $38,733.74 barrier today, it rapidly fell below that level.

“What this means is that Bitcoin’s price recovery will be anything but easy. According to IntoTheBlock’s IOMAP model, a large barrier exists between $38,733.74 and $39,099. Investors who purchased bitcoin in this zone would be looking to sell, adding to the selling pressure,” he said.

The value of one Ethereum, the second most popular cryptocurrency after Bitcoin, was $2,828.08 when writing this piece, up 0.75 percent from yesterday. Bitcoin prices have fallen 3.11 percent in the last seven days.

Ethereum regained some lost ground in the last few days, edging beyond $2,900 and gaining about 4% in the process. Ethereum fell slightly against Bitcoin, with the BTC dominance index remaining above 42 percent for the first time in 25 days.

We should expect that these cryptocurrencies price news today, like Ethereum, will lose ground versus Bitcoin in the next few days as Bitcoin’s price continues to grow. The daily trend for ETH versus BTC is still moving in a megaphone formation. The next resistance level is projected to be 0.078, while the next support level is expected to be 0.0653, according to the WazirX trade desk.

After defeating Avalanche on Tuesday, Dogecoin has been in the top ten cryptocurrencies for four days in a row as investors rushed in to invest in this meme coin. This was a direct effect of Tesla CEO Elon Musk purchasing Twitter, which had previously promoted Dogecoin.