Cryptocurrency Prices Mixed: Bitcoin, Dogecoin Gain While Uniswap, Stellar Fall

“Bitcoin and other altcoins fell slightly lower on Tuesday as the bears are overpowered in the market and leaving no opportunity for the bulls to enter. BTC is trading at $19,000 near its key psychological support level, which is a turning point for the bulls. Important. If the bulls lose control of this, BTC’s support could drop to $18,000. As volumes are low, a bounce back may take some time. On the other hand, Ethereum price will acquire a bullish trend after the merge If ETH can reclaim the $1,400 level, we could see an upward trend,” said Edul Patel, CEO and co-founder of Mudrex. But a fall below current levels could result in ETH retesting the $1,000 area.”

Ether, on the other hand, is the coin linked to the Ethereum blockchain and the second largest cryptocurrency, also rose 0.3% to $1,281. Meanwhile, the price of Dogecoin was up over 2% today at $0.05 while the Shiba Inu was up almost one percent to $0.00010.

In today’s performance of other crypto prices Avalanche, Binance USD, Polkadot, Cardano, Chainlink, Tether, Apcoin, Solana, Litecoin, Terra, Polygon were trading with slight gains in the last 24 hours while Uniswap, Stellar, XRP, Tron, Cardano fall.

Global markets have plunged over the past few months as central banks around the world raised interest rates to curb rising inflation. Risk assets such as cryptocurrencies have been particularly hard hit as bearish fears mount.

Crypto startups are suffering from massive sales of digital currencies this year. Venture capital investment in the industry fell to its lowest level in more than a year during the third quarter, with VC firms investing $4.44 billion in crypto startups in the quarter, up 37 percent from the same period in 2021. % decline. Research firm PitchBook reported Bloomberg.

(with inputs from agencies)