Crypto Price Today: Bitcoin holds near $17K; Dogecoin, Litecoin, Polygon gain up to 6%

MARKET_WATCH Crypto

Crypto markets moved higher on Friday after upbeat US economic data. However, thin trading volumes capped the gains.

Bitcoin held near the $17,000 mark and Ethereum was comfortable above the $1,200 level, while altcoins outperformed their larger peers.

Top crypto tokens were trading higher. Dogecoin rallied 6%, leading the gainers. Cardano was 3% up, XRP, Polygon and Litecoin added 2% each, whereas Solana was the sole loser among altcoins.

The global cryptocurrency market cap was trading marginally higher, around $815 billion, rising less than a per cent in the last 24 hours. The total trading volume increased by 16% to $29.47 billion.

 

Expert take
“Bitcoin continued to consolidate on Thursday after the third-quarter GDP data from the US came upwardly revised to 3.2% from the previously reported 2.9%,” said Edul Patel, CEO and Co-Founder of Mudrex.

 

"Bitcoin has been trading between $16,500 and $17,000 since November. In order for it to experience an upward trend, it must maintain a value above $16,800. Ethereum managed to stay above the $1,200 level," he added.

Global updates
FTX sought a US bankruptcy court's help amid a battle over ownership of about $450 million worth of stock in Robinhood Markets, according to a filing Thursday.

 

Known cryptocurrency payments to ransomware hackers 'totaled a mere $16 million, compared to nearly $74 million USD in 2021,' blockchain intelligence firm Crystal Blockchain says.

 

 

Source : https://economictimes.indiatimes.com/industry/banking/finance/three-trends-that-will-define-indias-fintech-sector-in-2023/articleshow/96398341.cms

rayn.finance logo

Automata FRANCE SAS

240 rue Evariste Galois,

06410 Biot,

Sophia Antipolis

Automata Pay

65-66 Warwick House 4th

Floor, Queen Street, London

England, EC4R 1EB

Automata Pay Europe Ltd

3rd Floor Ormond Building,

31-36 Ormond Quay Upper,

Dublin 7, D07 Ee37

Automata ICO Ltd

Italian Branch

Via Archimede, 161,

00197 Roma

Italy

The purchase of digital assets is subject to a high market risk and price volatility. Changes in value can be significant and occur rapidly and without warning. Past performance is not a reliable indicator of future performance. The value of an investment and returns can fluctuate both up and down, and you may not recover the amount you invested. RISK WARNING

Automata ICO Limited has a branch in Italy with its registered office at Via Archimede, 161, Roma, Italy, and registered in Italy under number 96550860587 with the Organismo Agenti e Mediatori (OAM) as a Virtual Asset Service Provider (VASP).

Automata France SAS is a company registered in France with the company number 902 498 617. Automata FRANCE SAS is registered with the french Financial Market Authority, l’Autorité des marchés financiers (“AMF”), as a provider of Virtual Asset Service Provider under number E2023-087.

Automata Pay Europe Limited is a partner of Modulr Finance B.V., a company registered in the Netherlands with company number 81852401, which is authorised and regulated by the Dutch Central Bank (DNB) as an Electronic Money Institution (Firm Reference Number: R182870) for the issuance of electronic money and payment services. Your account and related payment services are provided by Modulr Finance B.V. Your funds will be held in one or more segregated accounts and safeguarded in line with the Financial Supervision Act.