Cryptocurrency Market Update: Prices Fluctuate Amidst Volatile Trading (2024)

It has been another day of intense trading in the cryptocurrency markets, with millions of dollars being exchanged in the blink of an eye. Here are the top twenty most traded cryptocurrencies of the day, along with their current prices and market capitalizations.

Bitcoin (BTC)

Bitcoin, the original cryptocurrency, continues to dominate the market, with a current price of $45,000 and a market capitalization of $850 billion.

Ethereum (ETH)

Ethereum, the blockchain platform that enables smart contracts and decentralized applications, is the second most traded cryptocurrency of the day, with a current price of $3,200 and a market capitalization of $370 billion.

Binance Coin (BNB)

Binance Coin, the native cryptocurrency of the Binance exchange, has seen a surge in trading activity today, with a current price of $480 and a market capitalization of $80 billion.

Ripple (XRP)

Ripple, the digital payment protocol and cryptocurrency, continues to be a popular choice for traders, with a current price of $1.20 and a market capitalization of $55 billion.

Dogecoin (DOGE)

Dogecoin, the cryptocurrency that started as a joke but has since gained a huge following, is also among the top most traded cryptocurrencies of the day, with a current price of $0.30 and a market capitalization of $40 billion.

Cardano (ADA)

Cardano, the blockchain platform that aims to provide a more secure and scalable infrastructure for the development of decentralized applications and smart contracts, is also seeing a high level of trading activity today, with a current price of $2.50 and a market capitalization of $60 billion.

Polkadot (DOT)

Polkadot, the blockchain platform that enables different blockchains to transfer messages and value in a trust-free fashion, is also among the top most traded cryptocurrencies of the day, with a current price of $40 and a market capitalization of $35 billion.

Bitcoin Cash (BCH)

Bitcoin Cash, the cryptocurrency that forked from Bitcoin in 2017 in order to increase the block size and offer faster transactions, is seeing a surge in trading activity today, with a current price of $800 and a market capitalization of $15 billion.

Chainlink (LINK)

Chainlink, the blockchain platform that enables smart contracts to securely connect to external data sources, is also among the top most traded cryptocurrencies of the day, with a current price of $35 and a market capitalization of $20 billion.

Litecoin (LTC)

Litecoin, the cryptocurrency that was created as the “silver to Bitcoin’s gold,” is also seeing a high level of trading activity today, with a current price of $200 and a market capitalization of $15 billion.

Uniswap (UNI)

Uniswap, the decentralized trading protocol that enables users to trade without the need for a centralized exchange, is also among the top most traded cryptocurrencies of the day, with a current price of $40 and a market capitalization of $10 billion.

Stellar (XLM)

Stellar, the open network that allows money to be moved and stored, is also seeing a surge in trading activity today, with a current price of $0.80 and a market capitalization of $15 billion.

VeChain (VET)

VeChain, the blockchain platform that is designed to enhance supply chain management and business processes, is also among the top most traded cryptocurrencies of the day, with a current price of $0.20 and a market capitalization of $10 billion.

Ethereum Classic (ETC)

Ethereum Classic, the original Ethereum blockchain, is also seeing a high level of trading activity today, with a current price of $80 and a market capitalization of $5 billion.

Filecoin (FIL)

Filecoin, the decentralized storage network, is also among the top most traded cryptocurrencies of the day, with a current price of $90 and a market capitalization of $10 billion.

Theta (THETA)

Theta, the blockchain platform that enables users to watch videos and earn rewards, is also seeing a surge in trading activity today, with a current price of $10 and a market capitalization of $10 billion.

Tezos (XTZ)

Tezos, the blockchain platform that allows for formal verification of smart contracts and modifiable public blockchains, is also among the top most traded cryptocurrencies of the day, with a current price of $8 and a market capitalization of $7 billion.

Aave (AAVE)

Aave, the decentralized finance platform that allows users to lend and borrow cryptocurrencies, is also seeing a high level of trading activity today, with a current price of $300 and a market capitalization of $5 billion.

Solana (SOL)

Solana, the blockchain platform that enables fast and secure decentralized applications and crypto lending, is also among the top most traded cryptocurrencies of the day, with a current price of $40 and a market capitalization of $15 billion.

Monero (XMR)

Monero, the cryptocurrency that focuses on privacy, decentralization, and scalability, is also seeing a surge in trading activity today, with a current price of $300 and a market capitalization of $5 billion.

Most Traded Cryptocurrencies of the Day

Other cryptocurrencies that were among the most traded of the day include Tether, EOS, Tron, Bitcoin SV, and more.

The Top 50 Trending Cryptocurrencies of the Day

Here are the top 50 trending cryptocurrencies of the day:

  1. Bitcoin (BTC)
  2. Ethereum (ETH)
  3. Binance Coin (BNB)
  4. Ripple (XRP)
  5. Dogecoin (DOGE)
  6. Cardano (ADA)
  7. Polkadot (DOT)
  8. Bitcoin Cash (BCH)
  9. Chainlink (LINK)
  10. Litecoin (LTC)
  11. Uniswap (UNI)
  12. Stellar (XLM)
  13. VeChain (VET)
  14. Ethereum Classic (ETC)
  15. Filecoin (FIL)
  16. Theta (THETA)
  17. Tezos (XTZ)
  18. Aave (AAVE)
  19. Solana (SOL)
  20. Monero (XMR)
  21. Tether (USDT)
  22. EOS (EOS)
  23. Tron (TRX)
  24. Bitcoin SV (BSV)

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Cryptocurrency Market Update: Prices Fluctuate Amidst Volatile Trading (2024)

FAQs

Do news headlines matter in the cryptocurrency market? ›

Highlights. Public information and news sentiment highly impact the cryptocurrency market. A cryptocurrency-specific news sentiment indicator is built using the NLP technique. The cryptocurrency market reacts differentially to positive and negative news.

What is the most volatile time of day for crypto? ›

Crypto traders have long debated the best time to trade cryptocurrencies. According to data from on-chain data provider Skew, 3 - 4 PM UTC is when cryptocurrency trading is most intense.

Why does the crypto market fluctuate so much? ›

Bitcoin's price changes because of its supply, the market's demand, media and news, and regulatory changes. Some research suggests that the cost of producing a bitcoin also influences its prices, but most reports used assumed data rather than facts.

How does volatility affect crypto? ›

Digital asset prices are highly volatile, and the value of digital assets, and Web3 companies, can rise or fall dramatically and quickly. If their value goes down, there's no guarantee that it will rise again. As a result, there is a significant risk of loss of your entire principal investment.

What is the most unbiased crypto news? ›

  • CoinDesk. CoinDesk is one of the most popular crypto news websites worldwide, offering breaking news on Bitcoin, Ethereum, and other popular cryptocurrencies, 24 hours a day. ...
  • Cointelegraph. ...
  • U. ...
  • Decrypt. ...
  • The Coin Bureau. ...
  • Blockworks. ...
  • Reddit. ...
  • Bloomberg.

How do you know if crypto market is trending? ›

By examining snapshots of an asset's price across various timeframes, such as Bitcoin, traders can identify a "Golden cross," signifying that recent prices outperform older ones and suggesting an impending bullish trend.

What is the most consistently volatile crypto? ›

The most volatile tokens around
CoinRankVolatility 1M
CGO729267.17%
CPH62.85%
RREZ30962.48%
OBSR74851.67%
48 more rows

What time of day is crypto lowest? ›

Prices are lower when the market is less busy. Although you can trade cryptocurrencies at any time of day, the market is more active during typical work hours and less active early in the morning, at night, and on the weekends. Generally, cryptocurrency prices start low on Monday and rise throughout the week.

What is the most profitable day trading crypto? ›

Best Cryptos For Day Trading
  • Bitcoin.
  • Ethereum.
  • Binance Coin.
  • Ripple (XRP)
  • Solana.

How to know if a crypto is going up? ›

Put simply, the price of a given cryptocurrency is determined by how much interest there is in the market to buy (demand) as well as how much is available to buy (supply). If there is a high demand, but low supply, the price goes up. If there is a low demand, but a high supply, the price goes down.

Who controls the value of cryptocurrency? ›

Because cryptocurrency is not regulated, several factors affect its value, including demand, utility, competition and mining.

Why do all cryptos go up and down at the same time? ›

The Fundamental Forces: Supply and Demand

The basic principle of supply and demand is at the heart of any market. This principle holds true for cryptocurrencies as well. The price of a cryptocurrency is directly influenced by the amount of coins available (supply) and the amount people want to buy it (demand).

What time is crypto most volatile? ›

The most volatile time for Bitcoin tends to be during periods of significant market events, such as major regulatory announcements, economic crises, or technological developments. Additionally, Bitcoin has historically experienced increased volatility during times of high trading activity and market speculation.

How do you beat crypto volatility? ›

The HODLing strategy can help you avoid losses from short-term volatility and gain returns from long-term value appreciation. You purchase Bitcoin and hold it for a long time, ignoring price swings and waiting for the market price of Bitcoin to increase compared to its purchase value.

What is the best indicator of volatility for crypto? ›

Here are the top five volatility indicators for crypto trading:
  • Bollinger Bands. a) Band Width for Volatility: Wider bands mean higher market volatility and narrow bands indicate low volatility. ...
  • Average True Range (ATR) ...
  • Keltner Channels. ...
  • Marc Chaikin's Money Flow (CMF) ...
  • Relative Volatility Index (RVI)
Apr 30, 2024

How does CPI news affect cryptocurrency? ›

The CPI data can affect the cryptocurrency market in a number of ways. For example, if the CPI data shows that inflation is rising, investors may move their money into cryptocurrencies as a hedge against inflation. This can cause the price of cryptocurrencies to rise.

Who to follow for crypto news? ›

List of the Top 10 Crypto News Sites to Follow
  • Bitcoin.com.
  • CoinDesk.
  • U. Today.
  • Decrypt.
  • BeInCrypto.
  • Blockworks.
  • cryptonews.com.
  • CoinCodex.
Apr 22, 2024

What is the best place for crypto news? ›

The 12 best crypto news outlets
  1. CoinDesk. CoinDesk is one of the largest and most popular crypto media outlets in the world. ...
  2. UToday. U. ...
  3. Decrypt. Decrypt was founded in 2018 and is considered one of the most trustworthy sources of cryptocurrency news. ...
  4. Bankless. ...
  5. BeInCrypto. ...
  6. The Block. ...
  7. Bitcoin Magazine. ...
  8. Blockworks.

Does forex news affect crypto? ›

There is evidence of a contemporaneous statistically significant relationship between foreign exchange and news sentiment such that positive (negative) news on the base appreciate (depreciate) the exchange rate, while positive (negative) news on the counter decrease (increase) the exchange rate returns.

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