Cryptocurrency prices: Bitcoin, Ether extend gains despite negative trends across global markets

By Asmita Pant  Aug 08, 2022, 02:09 PM IST (Published)

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Bitcoin, was trading 1.4 percent up at $23,312.3. Bitcoin’s market capitalisation was at $444.2 billion, while the trade volume was at $15.8 billion in the past 24 hours.

Cryptocurrencies gained on Monday amid negative trends in global markets. The total crypto market capitalisation stood at $1.10 trillion.

The world’s most popular and largest cryptocurrency, Bitcoin, was trading 1.4 percent up at $23,312.3. Bitcoin’s market capitalisation was at $444.2 billion, while the trade volume was at $15.8 billion in the past 24 hours.

A WazirX analyst said that the next key resistance level for BTC is expected at $32,300 and the next support is expected at $19,000.

Second-largest virtual currency, Ether, was 1.8 percent up at $1,715.2 with a market capitalisation of $207.7 billion. The trade volume of Ethereum was $9.9 billion in the last 24 hours.

The analyst said, “The weekly trend for ETH-BTC has broken out of the triangle pattern and continues on an upward trend. The next key resistance is expected at 0.078 and next support for ETH-BTC is expected at 0.049.”

Meme crypto Dogecoin was 2.2 percent up with a trading volume of $197.7 million in 24 hours. Shiba Inu was trading 1.7 percent higher at $0.000012 while Solana was 4.1 percent up at $41.4 billion.

Indian headline indices opened in red on Monday.

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