Bitcoin And Ether Up As BTC Whales Get Busy Acquiring New Supply From Sellers

The majority of cryptocurrencies were trading in the green zone early Sunday. Bitcoin price increased 0.62% in the previous 24 hours to $42,679.03, while Ethereum’s price inched up 1.26% to $3,254.76. According to Coindesk data, Ether, the second most traded cryptocurrency, was trading at $3,254, up 1.21%. During the previous day’s session, Bitcoin was trading at its long-term support level, while the crypto markets continued to drop. BTC/USD spent the most of Saturday trading near its $42,000 support level, following an earlier low of $42,183.25. Bitcoin, the world’s most valuable cryptocurrency, is currently worth $811,832,005,365. The total volume of bitcoin traded on WazirX in the last 24 hours is $15,699,206,138. Ethereum’s market cap is currently $391,371,137,484, and its 24-hour trading volume on WazirX is $9,677,852,941. Bitcoin Volatility Climbs Bitcoin’s Saturday decline comes on the heels of Friday’s intraday high of $43,903.02, but as volatility increased, traders liquidated some positions, bringing prices lower. With Saturday’s decline, ETH is now down over 9% in the last seven days, remaining close to its long-term basement. Bitcoin’s price has fallen roughly 12% from its March 28 high of $48,238. Related Article | Ripple Welcomes More Than 4,000 Artists Into Its New NFT Platform BTC is currently grappling between the $42,076 support level and the $40,490 to $4...