/ Discover the latest news of crypto today: Bitcoin at support, while SOL, DOGE and ENA showing minor recovery.
Author: Nilesh Hembade
Date: 14 Apr 2024, 10:39 AM IST
On the morning of Sunday, the cryptocurrency market is filled with red candles. as bitcoin falls from $70,989 to $64,000 in last 48 Hours. The recent fall in all cryptocurrencies comes after the Israel-Iran conflict, which shakes all global stock indices worldwide.
In the meantime, Bitcoin (BTC), which dropped to $61K today, has found significant support at current price level of $61,800. From this point, Bitcoin has already found support and is currently trading at $64,060. Major cryptocurrencies are now more positive as a result of this decline. We can expect some recovery today if it continues on its current course.
Current Prices of Bitcoin (BTC) and Ethereum (ETH):
In the past 24 hours, Bitcoin (BTC) has experienced a 5.01% decline, settling at $64,060, with a market cap of $1.27 trillion. Ethereum (ETH) is also down by 5.93%, trading at $3,039, with a market cap of $367 billion.
Top Recovery Coins:
- Solana (SOL): The price of Solana (SOL) has seen a 2.16% increase, reaching $140.33 within the last hour. The market cap for SOL stands at $62.60 billion, showcasing its resilience in the face of market fluctuations.
- Dogecoin (DOGE): Dogecoin (DOGE) has surged by 1.51% to $0.1552 in the last hour, with a market cap of $22.29 billion. Despite its meme origins, DOGE continues to demonstrate its ability to weather market storms.
- Ethena (ENA): Ethena (ENA) has experienced a notable surge of 7.71%, reaching $1.117 within the last hour. With a market cap of $1.06 billion, ENA showcases strong recovery potential amidst market uncertainty.
Despite the initial market jitters triggered by geopolitical tensions, the resilience of Bitcoin’s support level coupled with the positive momentum displayed by select altcoins suggests a potential rebound in the cryptocurrency market.