Bitcoin Price Rises Nearly $ 48,000 Today; Ether, Cardano slightly upwards, know crypto courses

Bitcoin failed to hold any significant gains above the $ 50,000 mark ahead of the Fed’s meeting scheduled for Wednesday. Bitcoin price fell sharply earlier this month, on December 4th. It had later risen higher to reclaim $ 50,000 on December 12, but it fell back near $ 47,000 this week. The declining momentum in the cryptocurrency market took hold as investors were concerned about the Fed’s decision to change rates at the December 15 meeting.

However, the world’s largest cryptocurrency by market capitalization rose 2.03 percent in the past 24 hours to $ 47,962.38 on December 15 at 8:00 p.m., according to CoinMarketCap. Bitcoin price has dropped over 5 percent in the past week. It must be noted that Bitcoin retreated more than 30 percent from an all-time high of nearly $ 69,000 on November 10th. Analysts believe this sudden decline will be temporary as buyers continuously immerse themselves in cryptocurrency investments.

Ether, the second largest and most popular cryptocurrency, rose 1.03 percent to $ 3,819.76 in the past 24 hours, according to CoinMarketCap. It lost 11.62 percent in the past 7 days. The Binance Coin price rose slightly to $ 526.21 in one day.

“Bitcoin corrected slightly when it fell below the $ 47,000 mark. Ethereum also fell victim to the market correction, losing USD 3,700. Ether versus Bitcoin lost a few points. The weekly chart pattern for Ether / Bitcoin suggests that support is being retested. Meanwhile, three arrow capitals continued to amass Ethereum when they bought $ 56 million worth of ether from Binance and Coinbase, “said WazirX Trade Desk.

Dogecoin, one of the most popular meme coins, rose nearly 20 percent in a day after Elon Musk tweeted that Tesla would accept Dogecoin as payment for goods. “Tesla will make merchandise buyable with Doge and see how it goes,” tweeted Tesla CEO The transaction flow you do with Dogecoin, like transactions per day, has a much higher potential than Bitcoin, “Musk said during the interview with the Time.

Top 10 cryptocurrency prices on December 15, 2021, according to CoinMarketCap while the article was being published

Bitcoin $ 47,948.58 – up 2.33 percent in 24 hours

Ethereum $ 3,821.29 – 1.42 percent up in 24 hours

Binance Coin $ 525.56 – 0.48 percent up in 24 hours

Tether $ 1.00 – 0.02 percent more in 24 hours

Solana $ 160.16 – 4.10% more than 24 hours

Cardano $ 1.25 – 2.11% more change in 24 hours

USD coin $ 1.00 – 0.01 percent less in the last 24 hours

XRP $ 0.8012 – 2.62 percent up in 24 hours

Polkadot $ 26.03 – 2.62 percent less in 24 hours

Dogecoin $ 0.18 – up 15.50% in 24 hours

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