Cryptocurrencies traded in the red early on April 27 as the global crypto market cap dropped 5.64 percent over the last day to $1.76 trillion. On the other hand, total crypto market volume over the last 24 hours declined 3.16 percent to $94.95 billion.

Bitcoin price nears $40,000 | Check latest cryptocurrency prices

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Cryptocurrencies traded in the red early on April 27 as the global crypto market cap dropped 5.64 percent over the last day to $1.76 trillion. On the other hand, total crypto market volume over the last 24 hours declined 3.16 percent to $94.95 billion.

The total volume in DeFi stood at $11.41 billion, 12.01 percent of the total crypto market 24-hour volume. The volume of all stable coins stood at $80.22 billion, which is 84.50 percent of the total crypto market 24-hour volume.

Bitcoin gained 2.32 per cent yet the price remained below $40,000. The world’s largest cryptocurrency was trading at $39,368.13.

Ethereum’s price gained 1.35 per cent but the second largest cryptocurrency by market capitalization was trading below $3,000. Ethereum’s price at $2,883.68.

Bitcoin price nears $40,000 | Check latest cryptocurrency prices

“Bitcoin and Ethereum are up by 2%, each trading above US$39,000 and U$2,800 levels after a five-day dip. BTC’s selling price started to stabilize a bit. However, BTC is likely to play in a tight trading range until it breaks the resistance or falls below the support level. Most cryptocurrencies have gained decent growth over the past 24 hours,” Edul Patel, CEO and Co-founder of Mudrex, said.

On the other hand, Ether, the coin linked to the ethereum blockchain and the second largest cryptocurrency, also gained more than a per cent to $2,875. Meanwhile, dogecoin price today was trading over a per cent higher at $0.14 whereas Shiba Inu slipped 0.5% to $0.000023.

Other digital tokens were mixed as Solana, Stellar, Polkadot, Cardano, Uniswap, Litecoin, Terra, Tron were trading with gains whereas XRP, Avalanche, Polygon fell over the last 24 hours.

Barring Avalanche and meme tokens – Dogecoin and Shiba Inu – all of the major crypto tokens were trading with minor gains on Thursday. Bitcoin jumped 3 per cent, followed by a 2 per cent rise in Ethereum, Terra and Solana.

The global cryptocurrency market cap was trading higher at the $1.81 trillion mark, with a rise of close to 2 percent in the last 24 hours. However, the total cryptocurrency trading volume dropped about 13 per cent to $83.49 billion. 

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