Latest Crypto News Today: Despite the most recent CPI data suggesting that February’s inflation rates have already exceeded those of January 2023, the cryptocurrency market was up on Wednesday.
Edul Patel, Co-founder and CEO of Mudrex said while talking about the Latest Crypto News Today,
“Most cryptocurrencies rose in the past 24 hours following the release of the U.S Consumer Price Index (CPI) data for January where inflation fell less than anticipated. Bitcoin made a recovery from recent lows and is presently being traded above the US$22,000 level, with its next resistance level situated at US$22,260, and its support level at US$22,000. Nevertheless, despite the slight gains, the overall market momentum is marginally bearish.”
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According to the Latest Crypto News Today, trading in other popular crypto tokens increased on Wednesday. Cardano (ADA), Dogecoin (DOGE), Polygon (MATIC), Shiba Inu (SHIB), and Solana (SOL) all saw price increases. Cardano (ADA) increased by 8%.
According to the Latest Crypto News Today, the market capitalization of all cryptocurrencies is currently trading higher at around $1.03 trillion, up 2.53% in the last 24 hours.
DeFi currently accounts for $5.6 billion, or 9.51%, of the 24-hour volume of the entire crypto market. Currently, the value of all stablecoins is $55.88 billion, or 94.94% of the 24-hour volume of the entire crypto market.
Sathvik Vishwanath, Co-Founder & CEO of Unocoin, said,
“Ethereum prices could be affected by a potential break above $1,560, while Litecoin saw a small recovery despite a 5% loss due to SEC enforcement. Regulatory scrutiny is growing in the cryptocurrency market, particularly around the securitization of stablecoins, which could increase volatility and uncertainty.”
Quick Glance (Source: coinmarketcap.com, data as of 12.06 hours, IST on February 15, 2023)
- Bitcoin: $22,149; 1.77%
- Ethereum: $1,550; 3.02%
- Tether(USDT): $1; -0.05%
- Binance Coin (BNB): $296.79; 1.67%
- Ripple (XRP): $0.3811; 2.81%
- Dogecoin (DOGE): $0.08603; 5.27%
- Cardano (ADA): $0.3856; 8.02%
- Polygon (MATIC): $1.24; 4.94%
- Polkadot (DOT): $6.19; 1.36%
- Tron (TRX): $0.06733; 2.29%
- Litecoin (LTC): $96.65; 6.26%
- Shiba Inu (SHIB): $0.00001294; 4.68%
- Solana (SOL): $21.59; 3.16%
(Note: Price changes in last 24 hours)
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