Crypto Watch On April 24: Bitcoin and Ethereum prices hold steady amidst market fluctuations

On April 24th, 2023, the cryptocurrency market experienced some notable fluctuations. Bitcoin (BTC) and Ethereum (ETH) prices were reported at $27,806 and $1,872 respectively. The market capitalization was reported at $1,172 billion, which was a 0.39% increase from the previous day.

Source: CoinMarketCap

The 24-hour Spot Volume was $30.82 billion, representing a 1.55% decrease from the previous day. The BTC Dominance was 45.88%, representing a 0.02% increase from the previous day, while the ETH Dominance was reported at 19.3%. The ETH Gas price was 39 Gwei.

According to Santiment, many traders FOMO’ed (Fear Of Missing Out) into Bitcoin and Ethereum, causing losses as the markets pulled back. Since Thursday, traders were moving coins below prices they obtained them at three times as often as above.

In the last 24 hours, the top gainers were Clash of Lilliput – COL (28.9%), Dione – DIONE (26.5%), Shib Original Vision – SOV (24.1%), AVINOC – AVINOC (+18.4%), and Krypton DAO – KRD (+16.5%).

In the last 24 hours, liquidations were reported at over $59.8 million, with 26,637 traders liquidated. The largest liquidation order was reported at OKX exchange, with a value of $641.32 thousand.

The fear and greed index was reported at 53, indicating a neutral position. However, the news cycle was not entirely favorable to the cryptocurrency market.

Notably, billionaire investor Chamath Palihapitiya claimed that cryptocurrencies were dead in the United States. Palihapitiya stated that regulatory agencies, including SEC Chairman Gary Gensler, were determined to push the industry out of the country. He believes that cryptocurrencies are now a threat to the government and financial systems to the point that regulators are doing everything possible to push the digital asset space out of the United States.

On the other hand, the CEO of Coinbase, the largest cryptocurrency exchange in the US, called for Congressional intervention in cryptocurrency regulations. The CEO believes that regulation is necessary to build trust in the market and attract institutional investors.

Overall, the cryptocurrency market experienced some ups and downs on April 24th, 2023, with some notable gains and losses. Regulatory concerns also made headlines, with different perspectives on the future of the industry in the United States.

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