Again, the crypto market is primarily in the red as Bitcoin (BTC) struggles to regain the $ 40,000 mark. On the other hand, major altcoins such as Ripple (XRP) and Dogecoin (DOGE) have shown some increases, increasing by 5% and 4%, respectively.
Bitcoin hovering for $ 40K
Despite some environmental protection movements, the first half of April was not calm on the crypto market. Bitcoin, for example, started the month near $ 46,000. Since then, it has gone through some serious turmoil, at some point below $ 40,000.
Yesterday (April 14th) was a relatively positive day as key digital assets remained at $ 41,000 and at some point exceeded $ 42,000. Nevertheless, earlier today, following a red trading session on Wall Street, the bear took control and lowered BTC to less than $ 40,000 again.
BTC has been able to recover some of its losses and is currently trading at just over $ 40,000. This is about 2.5% lower than the US dollar’s valuation 24 hours ago. Its market capitalization is approximately $ 763 billion.
Ripple and Dogecoin are on the green
As is usually the case, most alternative coins are displayed in red, following Bitcoin. Ethereum, the second largest cryptocurrency, is down about 2.5%.
Luna, Terra’s native token, has lost about 7% of its US dollar valuation, despite the protocol’s purchase of multiple BTCs in the past few weeks. NEAR, another asset that has been in the limelight recently, also headed south, declining by 6%.
However, there are some big caps in the green corner, as Ripple and Dogecoin recorded the most important profits. XRP has risen by more than 5% and is currently trading near the highest level of $ 0.8 in the past week.
The first ever Memecoin also headed north, recording an increase of about 4%. DOGE is often praised by Elon Musk, the wealthiest person in the world. Yesterday, Tesla’s CEO offered $ 43 billion to acquire Twitter, one of the world’s largest social media platforms. This may have been the bullish factor for DOGE’s surge.
The market capitalization of the world’s cryptocurrencies is currently $ 1.88 trillion, down 2% from the previous day.
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Cryptocurrency chart by TradingView.