Cryptocurrency Price, 28 Jan, 2022: Even though a day before the biggest rise in the price of bitcoin was seen in three months, but later the price fell again. On Friday, the price of bitcoin had crossed 37 thousand dollars. On the other hand, Solana, Dogecoin price is also seeing a rise. Let us tell you that for a long time there has been a significant decline in the cryptocurrency market. Due to which common investors have suffered a lot. According to experts, the crypto market may see a lot of volatility in the coming days. Let us know how bitcoin and other cryptocurrencies are doing business today.
bitcoin price rise
The price of Bitcoin, the world’s largest cryptocurrency, crossed $37,000 today after being under pressure in previous sessions. At present, at 9:15 in the morning, the price of bitcoin is trading at $37337 with a gain of 3 percent. The price of bitcoin has fallen by more than 20 percent since the beginning of this year. After hitting a previous high of $69,000 in November, the price of bitcoin is down as much as 50 percent.
rest of the currency
On the other hand, according to CoinDesk, Ethereum has reached 2,400. Binance Coin rose 5 percent to $383. The price of Dogecoin also rose 0.4 per cent to $0.13, while the Shiba Inu rose by 3 per cent to 0.0000020. Other cryptocurrencies such as XRP, Stellar, Avalanche, Cardano, Solana, Polygon have seen mixed performance. The prices of Terra, Uniswap have dropped. Meanwhile, the global cryptocurrency market capitalization declined 0.4 percent today to $1.74 trillion, according to CoinGecko.
There has been an increase in recent weeks
The cryptocurrency has come under widespread selling pressure in recent weeks. Digital tokens and stocks have fallen closer together since the start of the year, responding to investor concerns that the Federal Reserve showed signs of a rate hike. However, the Fed on Wednesday kept the interest rate near zero with the sights of a rate hike to beat inflation