Cryptocurrency Price on April 23: Bitcoin rises above $66.6k; Dogecoin, Toncoin decline up to 8%

Bitcoin was up 0.5% at $66,617 as of 11:57 a.m., while Ethereum was below the $3,200 level.

"Bitcoin surged back to the $67,000 mark within the last day, reclaiming ground lost after dipping to $60,000. This is possibly due to easing tensions in the Middle East and lower Bitcoin transaction fees following the halving," said Edul Patel, CEO of Mudrex.

Vikram Subburaj, CEO of Giottus Crypto Platform, said, "Bitcoin has reclaimed $66,700 with a 3% daily gain and is showing early signs of an extended rally ahead. Given favourable readings of the RSI (66) and stochastic (100) levels, we can anticipate Bitcoin to surge towards $70,000 in the upcoming week."

The total volume in DeFi is currently $5.57 billion, 8.3% of the total crypto market 24-hour volume. The volume of all stablecoins is now $63.27 billion, which is 94.22% of the total crypto market 24-hour volume, as per data available on CoinMarketCap.

In the last 24 hours, the market cap of Bitcoin, the world's largest cryptocurrency, rose to $1.310 trillion. Bitcoin's dominance is currently 52.62%, according to CoinMarketCap. BTC volume in the last 24 hours rose 3.12% to $24.98 billion.

"The overall market is indicating an optimistic sentiment where buyers are outshining sellers due to a price decline in BTC and also indicates a surge in prices for top tokens such as Bitcoin and Ethereum," said Rajagopal Menon, Vice President, WazirX.

Tech view by Sathvik Vishwanath, Co-Founder & CEO, Unocoin

With Bitcoin at $66,270 a break of $64,853 suggests upside momentum, with resistance at $66,910, $69,232, and $71,425, and support at $63,045, $61,387, and $59,686.

Technical indicators such as the RSI at 62 and the 50-day EMA at $64,788 reinforce optimism and suggest strong buying above $64,850, but signal a potential sell-off below.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Source: Forex-Markets-Economic Times