Bitcoin Recovers from $39k, Cardano’s ADA Sets Monthly Low, EverGrow Coin Surging
crypto coins are slowly recovering from last week’s price drop.
What’s happening with cryptocurrency prices today, April 14?
Yesterday saw the crypto industry shed $160 billion as the total market cap fell to $1.84 trillion, the lowest figure since March 18. Today so far the market has recovered to $1.86 trillion as trading volume has also grown to over $100 billion. This suggests the market has found support and prices are briefly rising once more.
All but 5 of the top 50 major crypto tokens (ex. stablecoins) are still in the red. Bitcoin closed on April 12 with a price of $39,520 with a tall red candle down from $42,150. Today prices have recovered to $41,057 but there’s a way to go for Bitcoin to reach its 20-week SMA at $43,722.
Bitcoin yesterday saw a tall red candle as prices fall below the 20-week SMA (purple) and 21-week EMA (blue). Source: TradingView
Cardano set a monthly low
Solana and Cardano have lost more than 10% in price over the past week. Solana has lost 1% in price over the last 24 hours as it drops back into 7th place (behind XRP) in the CoinMarketCap rankings.
Cardano’s ADA token is valued at $0.96, up from a monthly low of $0.92 at the close of yesterday’s trading. ADA is showing a green candle today though needs to bounce off current support levels if it’s to hold above the 20-week SMA at $1.150.
LUNA has lost 18% in price in the past week and has fallen behind Cardano into 9th place in the CoinMarketCap rankings. LUNA’s losses in the past seven days are the highest of the crypto top 20, though LUNA did put in a new all-time high in early April as it hit a price of $119. LUNA is currently trading at $86.77.
Cardano is also finding support today after being rejected by its 20-week SMA and 21-week EMA. Source: TradingView
Altcoins surging: NEAR Protocol, Monero, and EverGrow Coin
Amid a general market downturn, a number of altcoins are in the…
