Bitcoin price today: Crypto Price Today Live: Bitcoin holds $24,000; Solana and Uniswap drop 8% each

The crypto trade’s newest indignities included a report that India regulators had been investigating a minimum of 10 crypto exchanges for allegedly helping overseas corporations launder cash by way of crypto.

Prime crypto tokens had been buying and selling blended on Tuesday afternoon. Meme Tokens like Dogecoin and Shiba Inu rose as much as 6 per cent, whereas Uniswap plunged 5 per cent. Avalanche and Polygon dropped 2 per cent every.

The worldwide cryptocurrency market cap was buying and selling marginally down on the $1.14 trillion mark, dropping as a lot as one per cent within the final 24 hours. Nonetheless, the full buying and selling quantity tumbled nearly 6 per cent, near $68.95 billion.

What’s cooking in India
The ED probe into alleged cash laundering by crypto change WazirX and the next squabbling amongst its promoters has revealed the ‘darker aspect’ of cryptocurrencies, a authorities supply stated.

Over seven per cent of Indians owned digital forex within the type of cryptocurrency in 2021, the United Nations commerce and improvement physique UNCTAD revealed.

The Enforcement Directorate (ED) stated that it has hooked up property price Rs 370 crore belonging to a Bengaluru-based firm linked to the moment mortgage apps case.

Skilled take

Bitcoin tried to interrupt above the $25,000 resistance however failed. It declined to the $24,200 degree, stated Edul Patel, CEO and co-founder, Mudrex. “The fast assist degree is close to the $23,500 zone, under which is the bearish momentum,” he stated.

Ethereum costs failed to stay above the $2,000 degree and began a draw back correction to the $1,880 degree, he added. “The fast key resistances are at $1,940 and $1,960 ranges,” he stated.

International updates

Celsius Community, the crypto lender that filed for chapter in July, seems to be in even worse monetary straits than beforehand signaled.

Polkadot-based decentralized finance (DeFi) platform Acala’s native stablecoin, a USD, depegged on Sunday, plummeting 99 per cent after hackers exploited a bug in a newly deployed liquidity pool to mint 1.28 billion tokens.

A 29-year-old developer suspected of being concerned within the Twister Money protocol that is been sanctioned by the US was arrested in Amsterdam on Friday, in keeping with an announcement from the Fiscal Info and Investigation Service (FIOD).

Ethereum miners are dealing with an abrupt change after the community strikes to a proof-of-stake consensus mechanism from a proof-of-work system and their position successfully ends, forcing them to hunt various revenue streams, JP Morgan stated.

Tech View by Giottus Crypto Platform

Ethereum (ETH), the good contract-based platform for dApps, has been driving excessive on the anticipation of its Merge improve in September. ETH’s crypto market share has crossed 20 per cent, with excessive positive factors of over 90 per cent within the final 30 days. ETH is buying and selling at $1,900 right this moment, down by 5 per cent within the final 24 hours.

After efficiently testing its horizontal resistance in mid-July, ETH has created a number of greater lows whereas charting an upward course in direction of $2,000. Nonetheless, makes an attempt to cross over the coveted mark have failed. It has, up to now, efficiently remained above its ascending trendline assist, now nearing early-June ranges.

ETMarkets.com

ETH must efficiently check the $2,000 psychological resistance to try one other stint at a value rally. Its RSI stands at a strong 63, and all technical indicators point out a ‘purchase’ sign. In case of a downturn, $1,870 is the fast assist, adopted by $1,770 (.382 fib degree).

ETH/BTC pair has additionally created new native highs, not too long ago crossing 0.08, surpassing the essential resistance at 0.075. The pair is now buying and selling at 0.078. Buyers should be cautious of a ‘promote the information’ chance as soon as the Merge is confirmed in mid-September.

Main Ranges

Assist: $2,000, $2,089, $2,150

Resistance: $1,870, $1,770

(Views and suggestions given on this part are the analysts’ personal and don’t signify these of ETMarkets.com. Please seek the advice of your monetary adviser earlier than taking any place within the asset/s talked about.)