Market Movers: Bitcoin, Ethereum, Dogecoin, Polygon, Ripple
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Market Movers: Bitcoin, Ethereum, Dogecoin, Polygon, Ripple

April 28, 2021      Sahaj Sharma

Bitcoin plunged by approximately $2,000 after failing to surpass the mark of $56,000 along with most altcoins such as Ethereum, Dogecoin, Polygon, and Ripple retracing significantly. A slowing down was witnessed by Bitcoin following a few days of gradual increases and has dipped to around $54K.

Bitcoin Approached $56K Mark But Failed

A good reaction was seen in the price of Bitcoin when it plunged to its lowest mark of $47K and an upward trend was seen. However, the trend did not last long, and it failed to reach the mark of $56K, losing nearly $2K and dipping below $54K.

The latest decline in the price of Bitcoin has resulted in the fall of the market capitalization of the asset from the mark of $1 trillion.

Latest All-Time High Made by Ethereum and Dogecoin

With commendable performance in its prices, the largest altcoin Ethereum almost doubled down and went on to create a new record of above the mark of $2,700. Ethereum performed better than Bitcoin.

Well, Ethereum has also seen a face of retrace as it is now down below the mark of $2,600.

Dogecoin was able to make its name registered in the list of top-ten performers with a significant 10% rise. However, it is believed that the coin is in a state of a bubble as it is trading above the mark of $0.30.

Polygon at Peak With Ripple Eyeing Upside

Polygon, formerly known as Matic, has recently managed to rise to a brand new all-time high price as it was trading for almost $0.9 and was following a commendable daily rise.

Moving further with the top players in the market, Ripple began a fresh surge after testing $1.00 against the US Dollar.

In addition to this, it should also be noticed that the altcoin was able to cross some notable barriers near the level of $1.10.

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#Bitcoin #Dogecoin #Ethereum #Polygon #Ripple
Sahaj Sharma
Sahaj Sharma

Sahaj is an aspiring journalist with a keen interest in cryptocurrency and the whole concept of Blockchain technology. He is positive about the future potential of Cryptocurrency and Blockchain in shaping the world of finance for good. At present, he is covering the latest developments in the field of the cryptosphere.