Bitcoin, Ethereum and Dogecoin Losing Momentum; Cardano soars | Benzinga Spain

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The major cryptocurrencies were trading unchanged Tuesday night with the exception of Cardano, in a day in which the global market capitalization of cryptocurrencies fell 0.94% to 2.90 trillion dollars.

What has happened

The cryptocurrency co-founded by Charles Hoskinson it skyrocketed 5.91% to $ 2.28 over 24 hours. In a seven-day follow-up period, ADA has advanced 15.8%.

ADA’s business volume increased 126.47% to $ 7.375 million over a 24-hour period.

The apex cryptocurrency, Bitcoin (CRYPTO: BTC) was trading 0.99% lower at $ 66,998.42 after a 24-hour tracking period. During the week, it has advanced 5.68%.

Ethereum (CRYPTO: ETH), fell 1.37% to $ 4,724.33 over 24 hours. In the last seven days, it has rebounded 2.09%.

Among other currencies meme, Dogecoin (CRYPTO: DOGE) was down 3.48% to $ 0.27. During the week, it has advanced 0.03%.

Shiba Inu fell 4.2% to $ 0.00005433. In the last seven days, it has plummeted 20.40%.

The coins that benefited the most in 24 hours, according to data from CoinMarketCap, were Livepeer, Loopring and Kadena.

Livepeer soared 45.85% to $ 68.31 over 24 hours, Loopring was up 33.79% to $ 2.71 and Kadena advanced 30.25% to $ 20.65 during the 24 hours. period.

Because it is important

Right now, ADA’s market capitalization of $ 75.42 billion exceeds those of Tether and Solana, which are valued at $ 73.82 billion and $ 71.8 billion, respectively.

ADA was the fourth largest cryptocurrency by market capitalization at the time of publishing this article, according to data from CoinMarketCap.

On Tuesday, Input Output, a company associated with Cardano, published a “definitive list” of all the Cardano ecosystem projects from the Github repository.

Bitcoin, which hit a new all-time high of $ 68,530.34 on Tuesday, must hold at the $ 66,000 level to avoid a “market-wide” correction, and if it succeeds, $ 75,000 appears to be the next target for. the apex coin, according to Michael van de Poppe, a trader of cryptomones.

The lack of supply has been one of the main drivers of the recent rise in BTC. However, if a price falls, it could touch $ 56,000, he noted. Jonas Luethy, trader of GlobalBlock, a UK-based digital asset broker.

Luethy claimed that ETH also hit an all-time high of $ 4,842 and is approaching the important psychological level of $ 5,000, where it is likely to see “strong resistance.”

“This sharp rise in price is also attributed to a lack of supply, as Ethereum is burning at a faster rate than it is being produced,” Luethy wrote in an emailed note.

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Bitcoin, Ethereum and Dogecoin Losing Momentum; Cardano soars | Benzinga Spain

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