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Bitcoin to Solana Compact Lethargic

Navigasi - The price of bitcoin and other top cryptocurrencies was compactly depressed in trading Saturday, (4/30/2022). XRP and XRP crypto prices experienced the biggest corrections this weekend.

Bitcoin to Solana Compact Lethargic
Bitcoin to Solana Compact Lethargic


Based on data from Coinmarketcap, Saturday morning (4/30/2022), bitcoin (BTC) as the crypto with the largest market capitalization slumped 2.79 percent in the last 24 hours. The price of bitcoin has weakened 2.91 percent in the week. Currently, the price of bitcoin is traded at USD 38,608.87 or around IDR 560.97 million (assuming an exchange rate of IDR 14,530 per US dollar).

Bitcoin price correction was also followed by ethereum (ETH). The price of ethereum is down 3.82 percent in the last 24 hours. Now the price of ethereum is traded at USD 2,818.38 or around Rp. 40.94 million. Ethereum prices slumped 4.92 percent in the week.

Furthermore, the price of XRP experienced a sharp decline in the last 24 hours. The price of XRP slumped 5.09 percent to $0.6112. In a week, the price of XRP shrank 15.12 percent. Cardano's prices were followed by a 4.12 percent slip. Cardano prices slumped 10.92 percent in the week. Now the price of Cardano is traded at USD 0.8079.

On the other hand, the price of Binance Coin or BNB on Saturday morning also slumped. BNB prices slipped 2.97 percent to USD 303.38 in the last 24 hours. In a week, the price of BNB Coin slumped 3.38 percent.

In addition, the price of Solana experienced a sharp correction by falling 3.94 percent to the position of USD 94.10 in the last 24 hours. In a week, the price of Solana shrank 6.52 percent.

The price of TerraUSD (UST) edged down 0.01 percent to USD 0.9997 in the last 24 hours. During the week, the price of TerraUSD slipped 0.32 percent. Stablecoins such as tether prices are stagnant at USD 1 position. Likewise USD Coin. The price of USD Coin slightly weakened in the last 24 hours with a decrease of 0.01 percent to the position of USD 0.9999. During the week, the price of the USD Coin fell 0.03 percent.

Previously, in general, the sluggish condition of the crypto market over the past week was still caused by thin trading volume. Although, at the beginning of last week, a number of cryptocurrencies had turned green, now they are battered again in the red zone.

According to data from the Coinmarketcap website on Friday (29/4/2022), the 10 largest crypto assets with the largest market cap were mostly in the red in the last 24 hours. Bitcoin (BTC) held on to a slight gain of 0.84 percent, currently BTC is priced at USD 39,785.68 per chip or around IDR 579.7 million.

Ethereum (ETH) also edged up 0.96 percent to USD 2,932.38 per chip during the same time frame. While the rest of the other top cryptocurrencies are still stuck in the red zone.

Tokocrypto trader, Afid Sugiono, explained that currently market participants are still hesitant to place their money in risky investment instruments, such as crypto assets. As a result, the market is still bearish until the last week of April 2022.

"The attitude of investors is still tired of buying and selling to accumulate their crypto asset investments. This is the impact of the risk-off action section as negative sentiment is rampant on crypto exchanges. In addition, market participants also want to keep their distance from the turmoil in the crypto market ahead of the meeting. The Fed next month," Afid said in a written statement, quoted Friday, April 29, 2022.

Previously, the Fed Chair, Jerome Powell, signaled his institution will raise interest rates by 50 basis points in May 2022. This move is feared to clog consumption and investment growth, the two main drivers of economic growth.

Previously, the price of bitcoin and cryptocurrencies at the top of the list was observed to be experiencing various price movements, Friday morning, April 28, 2022. Some of the top cryptocurrencies that previously strengthened, now have to weaken again.

Based on data from Coinmarketcap Friday morning, the cryptocurrency with the largest market cap, Bitcoin (BTC) gained 1.33 percent in 24 hours, but is still down 2.40 percent in the week.

Currently, the bitcoin price is at the level of USD 39,744.55 per coin or equivalent to IDR 576.9 million (assuming an exchange rate of IDR 14,516 per US dollar).

Ethereum (ETH) is also still slightly higher today. Over the past 24 hours, ETH is up 1.26 percent, but is still down 2.73 percent for the week. With that said, ETH is currently at USD 2,924.98 per coin.

The next cryptocurrency, Binance coin (BNB), which this morning is also still strengthening. In the last 24 hours BNB is up 3.74 percent. However, it is still down 0.34 percent for the week. This makes BNB priced at USD 405.70 per coin.

Then Cardano (ADA) is also still in the green zone today. In the past day the ADA gained 0.14 percent, but is still down 7.12 percent on the week. Thus, ADA is at USD 0.8447 per coin.

Meanwhile, Solana (SOL) had to weaken again this morning. Throughout the last one day SOL weakened 0.88 percent and 3.99 percent a week. Currently, the price of SOL is at the level of USD 97.99 per coin.

XRP also fell again today. In the past day, XRP fell 1.23 percent and 12.77 percent in the week, respectively. That way, XRP is now priced at USD 0.642e per coin.

Terra (LUNA) is also still weak today. Terra is down 0.55 percent in the last 24 hours and 2.80 percent in the week. Currently Terra is priced at USD 88.50 per coin.

Stablecoins such as Tether (USDT) and USD coin (USDC), on the same day weakened by 0.01 and 0.03 percent. USDT price is still at the level of USD 1.00. While USDC should fall to the level of USD 0.9999.
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