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Digital Asset Insights 04.04.23

This post was originally published on jpfs.com

There is no better way to stay ahead of the cryptocurrency market than to stay informed. If you have some doubts or you are just unsure which digital asset is worth the investment, this weekly report is here to guide you in making the right choices.

Bitcoin (BTC)

digitalassetinsights_bitcoin

In the past week, Bitcoin (BTC) price has been fluctuating between $27,129.8 and $28,456.1. On March 27, 2023, Bitcoin’s price opened at $27,129.8 and closed at $27,974.8, with a high of $28,023.3 and a low of $26,611.5. On March 28, 2023, Bitcoin’s price opened at $27,262.2 and closed at $27,127.8, with a high of $27,465.0 and a low of $26,665.6. The trading volume for the day was 94.16K, and the coin saw a slight increase of 0.49% compared to the previous day.

 

On March 29, 2023, Bitcoin’s price opened at $28,350.4 and closed at $27,262.9, with a high of $28,627.4 and a low of $27,249.8. The coin saw a significant increase of 3.99% compared to the previous day.

 

On March 30, 2023, Bitcoin’s price opened at $28,029.5 and closed at $28,350.3, with a high of $29,160.4 and a low of $27,716.7. The trading volume for the day was 122.51K, and the coin dropped by 1.13% compared to the previous day.

 

On March 31, 2023, Bitcoin’s price opened at $28,473.7 and closed at $28,029.3, with a high of $28,646.3 and a low of $27,587.5. The coin saw an increase of 1.58%. On the first day of the month of April, Bitcoin’s price opened at $28,456.1 and closed at $28,473.7, with a high of $28,795.1 and a low of $28,285.6. On April 2, 2023, Bitcoin’s price opened at $28,198.3 and closed at $28,456.1, with a high of $28,522.8 and a low of $27,871.7.

 

Bitcoin’s price has been volatile in the past week, with bullish and slight bearish fluctuations. It will be interesting to see how the cryptocurrency market develops in the upcoming days and weeks.

Ethereum (ETH)

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On March 27, 2023, ETH was trading at $1,714.65, showing a 3.38% increase from the previous day’s trading. However, this upward trend was short-lived as the value of ETH dropped to $1,772.63 on March 28, indicating a 3.38% decrease in value.

 

On March 29, 2023, the value of ETH rebounded, with the cryptocurrency trading at $1,793.27, showing a 1.16% increase in value. The value of ETH continued to rise the following day, with the cryptocurrency trading at $1,793.59 on March 30, showing a marginal 0.02% increase.

 

On March 31, 2023, the value of ETH surged, with the cryptocurrency trading at $1,821.62, showing a 1.56% increase in value. The upward trend continued on April 1, 2023, with ETH trading at $1,820.78, showing a slight 0.05% decrease from the previous day’s trading.

 

On April 2, 2023, the value of ETH took a hit, with the cryptocurrency trading at $1,795.01, showing a 1.42% decrease in value. The downward trend continued the following day, with ETH trading at $1,811.79 on April 3, showing a marginal 0.93% increase in value compared to the previous day’s trading.

Ripple (XRP)

digitalassetinsights_ripple

On March 27, 2023, the price of Ripple was at $0.47930. The value increased to $0.51443 on March 28, 2023, marking a 7.33% rise in value. The upward trend continued on March 29, 2023, as the price rose to $0.54274, a 5.50% increase from the previous day.

 

However, on March 30, 2023, Ripple’s price declined to $0.53217, a drop of 1.95%. The trend continued the next day as Ripple experienced another decline, with its price dropping to $0.53799 on March 31, 2023.

 

On April 1, 2023, Ripple’s value experienced a significant drop of 5.30%, bringing the price down to $0.50949. However, the following day, the price of Ripple increased by 1.68% to $0.51804 on April 2, 2023.

 

On April 3, 2023, Ripple’s price is trading at $0.51513. Although the value had been fluctuating in the previous days, the decrease was minimal, with a drop of 0.56% from the previous day’s value.

 

It’s worth noting that Ripple’s market capitalization has also been changing. On March 27, 2023, the market cap was at $442.58M. On March 29, 2023, the market cap increased significantly to $1.63B, before dropping to $1.03B on March 30, 2023. The market cap rose again to $668.82M on March 31, 2023, indicating significant changes in Ripple’s market performance.

Cardano (ADA)

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On March 27, 2023, ADA opened at $0.3456 and closed at $0.3373, marking a 2.40% decrease in the daily trading volume of $177.64 million.

 

The following day, on March 28, the price of ADA rose by 6.50% to close at $0.3431, with a trading volume of $148.17 million. On March 29, ADA opened at $0.3812, marking a 10.80% increase in the daily trading volume of $215.80 million, and closed at $0.3668, reflecting a 3.57% decline.

 

On March 30, ADA opened at $0.3760 and closed at $0.3699, registering a 1.37% decline in the daily trading volume of $174.09 million. On March 31, ADA opened at $0.3989 and closed at $0.3743, with a daily trading volume of $289.47 million. The coin experienced a 6.10% increase in its price.

 

On April 1, 2023, ADA opened at $0.3918 and closed at $0.3886, indicating a 1.78% decline. The daily trading volume was $153.25 million. On April 2, 2023, the coin opened at $0.3814 and closed at $0.3760, showing a 2.65% drop with a daily trading volume of $123.04 million.

Solana (Sol)

digitalassetinsights_solana

On March 27, 2023, Solana was valued at 19.900 USD. The coin increased in value to 20.453 USD on March 28, 2023, representing a 2.78% rise. The next day, March 29, 2023, Solana’s value further increased to 21.110 USD, a 3.21% increase from the previous day.

 

On March 30, 2023, Solana decreased in value by 2.63%, with a price of 20.555 USD. The coin’s value fluctuated again on March 31, 2023, when it rose to 21.165 USD, representing a 2.97% increase.

 

On April 01, 2023, Solana was valued at 21.072 USD, representing a 0.44% decrease from the previous day. The coin decreased in value by 2.60% on April 02, 2023, with a value of 20.524 USD.

 

As of April 03, 2023, Solana is valued at 21.137 USD, representing a 2.81% increase from the previous day’s value. The coin’s trading volume is 2.14 million USD, and its market capitalization is 7.23 billion USD.

 

Despite the fluctuations in value, Solana remains one of the leading cryptocurrencies in the market, and its performance is closely monitored by investors and traders. It will be interesting to see how the coin performs in the coming days and weeks.

Binance Coin (BNB)

digitalassetinsights_binancecoin

On March 27, BNB was trading at $310.70, with a high of $328.50 and a low of $306.10. The following day, March 28, BNB saw an increase in value, with a trading range of $310.51 to $315.59. March 29 saw another noticeable increase in BNB’s value, with a trading range of $313.30 to $319.69.

 

On March 30, BNB experienced a larger increase in value, trading within a range of $313.80 to $318.55.

 

However, on March 31, BNB’s value remained relatively stable, with a trading range of $316.40 to $319.70. On April 1, BNB’s value declined slightly, with a trading range of $317.10 to $318.60.

 

At the close of the trading session of Sunday, April 2, BNB experienced a slight decrease in value, trading within a range of $313.81 to $316.11. Overall, Binance Coin experienced some fluctuations in value over the course of the week, with mostly increases and slight decreases in its trading price. Despite this, BNB remains a popular cryptocurrency, and its value will continue to be closely watched by investors and traders alike.

USD Coin (USDC)

digitalassetinsights_usdcoin

USDC, the popular stablecoin pegged to the US dollar, has remained steady in value over the past week amid volatility in the cryptocurrency market. According to recent data, USDC has been trading at around $0.9995 to $1.0002 since March 27th, with daily fluctuations remaining within a narrow range.

 

On April 2nd, USDC opened at $0.9995 and closed at $0.9993, a slight drop of 0.01% from the previous day. This was attributed to low trading volumes, with only 10.94 million USDC traded on that day.

 

On April 1st, USDC opened at $0.9996 and closed at $0.9995, a decrease of 0.02% from the previous day. Despite this, trading volumes remained relatively stable at 10.55 million USDC.

 

On March 31st, USDC opened at $0.9998 and closed at $0.9995, with trading volumes of 42.44 million USDC. The stablecoin saw no significant price changes during the day, reflecting the overall low volatility in the cryptocurrency market.

 

Similarly, on March 30th, USDC opened and closed at $0.9998, with trading volumes of 46.54 million USDC. The stability in price and trading volume is seen as a positive sign for USDC, which has become a popular choice for cryptocurrency traders looking to hedge against market volatility.

 

USDC is one of the top stablecoins in the market, with a market capitalization of over $32 billion at the time of writing. The coin is issued by Circle, a Boston-based cryptocurrency firm, in collaboration with Coinbase, one of the largest cryptocurrency exchanges in the world.

The post Digital Asset Insights 04.04.23 first appeared on trademakers.

The post Digital Asset Insights 04.04.23 first appeared on JP Fund Services.

The post Digital Asset Insights 04.04.23 appeared first on JP Fund Services.

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