Cryptocurrency prices today: Bitcoin and Ether fall sharply amid strong profit bookings

Cryptocurrency prices fell sharply on Wednesday after strong profit bookings. Check the latest cryptocurrency prices and trends.

Cryptocurrency prices fell sharply on Wednesday. (Photo: Reuters)

The cryptocurrency market has seen a decline over the past 24 hours as the value of popular virtual coins fell sharply. The reason for the decline was strong profit bookings by investors.

Bitcoin, the largest cryptocurrency, fell to a week-and-a-half low on Wednesday after hitting a record high. However, the popular cryptocurrency is still on track for its best month since February.

Its price was $58,867, 6% lower than its value 24 hours ago at 3:40 p.m. Bitcoin’s market capitalization fell to $1.11 trillion and 24-hour trading volume fell at $1.84 billion.

Tony Sycamore, an analyst at Australian investment platform City Index, told Reuters news agency that Bitcoin’s losses were due to traders taking advantage of its recent rally.

Cryptocurrency Highlights | Check yesterday’s prices

Ether also fell sharply by nearly 4.7% after gaining for more than a week. Ether remained just above $4,000, 4.68% lower than its value 24 hours ago. Ether’s market capitalization fell to $470.38 billion and the trading volume for the past 24 hours was $1.83 billion.

Most other altcoins also fell sharply during Wednesday’s session as investors looked to take profits after the recent rally.

Commenting on the momentum, Edul Patel, CEO and co-founder of Mudrex, an algorithm-based global crypto investment platform, said: “Over the past 24 hours we have seen the markets remain in a territory limit. Bitcoin fell slightly and with it the dominance also decreased.

“The next 24 hours would likely be a positive session for altcoins,” he added.

Here are the latest prices and trends for popular cryptocurrencies:

Cryptocurrency

Price (US dollars)

24 hour change

Market capitalization

Volume (24 hours)

Bitcoin

58,792.64

-6.39%

$1.19 trillion

$1.12 billion

Ether

4,001.11

-5.03%

$469.96 billion

$1.83 billion

Dogecoin

0.234013

-13.20%

$30.82 billion

$3.39 billion

Litecoin

181.31

-7.10%

$12.48 billion

$148.58 million

XRP

1.01

-10.06%

$100.85 billion

$5.54 billion

gimbal

1.94

-10.84%

$63.08 billion

$332.39 million

WARNING: Cryptocurrency prices were updated at 4:00 p.m. and will change throughout the day. The list is intended to give a rough idea of ​​popular cryptocurrency trends and will be updated daily.

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