Cryptocurrency prices: Bitcoin, Ethereum, Dogecoin gain 1-3% amid negative trends in global markets

By Asmita Pant  Aug 23, 2022, 02:23 PM IST (Published)

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Bitcoin — the world’s largest and most popular virtual currency — climbed almost a percent to $21,458.2. Its market value stood at $404.6 billion. The trade volume was at $32.9 billion. 

Major cryptocurrencies extended gains for the second straight session on Tuesday amid negative trends in domestic equities. The global crypto market cap stood at $1.01 trillion with a volume of $71.22 billion in the past 24 hours.

Bitcoin — the world’s largest and most popular virtual currency — climbed almost a percent to $21,458.2. Its market value stood at $404.6 billion. The trade volume was at $32.9 billion.

Edul Patel, CEO and co-founder of Mudrex, “This situation

Ethererum or Ether — the second largest virtual currency — was 2.6 percent up at $1,596.6 with a market capitalisation of $193.7 billion. The trade volume of Ethereum was $18.5 in the last 24 hours.

On Ethereum, Patel said that the downward trend can be temporary, and ETH may break above $2,000 a few days before the merge.

Meme-based virtual currency Dogecoin was 3 percent up with a trading volume of $413.6 million. Shiba Inu was trading 0.4 percent higher at $0.000013 while Solana was marginally up at $34.9 billion.

The Indian financial market opened in red, before turning green in choppy trade on Tuesday.

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