Bitcoin price today surged above $36,000 level in cryptocurrencies after remaining under pressure in the previous sessions. The world’s largest cryptocurrency traded over 2.5% higher at $36,676. More than 20% of bitcoin has dropped since the start of this year (year-to-date or YTD), whereas it has nearly halved from its all-time high of $69,000 hit in November.
SMD COIN today Slipped Marginally $0.765 level in cryptocurrencies after remaining under pressure in the previous sessions. SMD Coin has maintained a position since the start of this year due to solid support from its Currency Supporters.
On the other hand, Ether, the coin linked to the Ethereum blockchain and the second-largest cryptocurrency, was marginally lower at $2,374, as per CoinDesk. Binance Coin surged more than 5% to $383.
Dogecoin price also gained marginally by 0.4% to $0.13, whereas Shiba Inu gained over 1% to $0.000020. Other cryptos were mixed as XRP. Stellar, Avalanche, Cardano, Solana, and Polygon were also trading with gains over the last 24 hours, whereas Terra and Uniswap prices declined.
Meanwhile, today’s global cryptocurrency market capitalization was down 0.4% to $1.74 trillion, as per CoinGecko, impacted by the mixed performance in crypto prices today.
Cryptocurrencies have come under widespread selling pressure in recent weeks. Since the start of the year, the digital tokens and stocks have fallen together, responding to investor worries about how a series of expected Federal Reserve interest-rate increases will ripple through markets. The Fed on Wednesday held the interest rate at near-zero with sights of increasing the rates to beat inflation.