The price of Bitcoin increased during Tuesday's early trading hours, but Dogecoin prices were climbing quickly. The banking collapse that involved two crypto-friendly banks has had a negative impact on the cryptocurrency industry. Unverified rumours about an Interpol Red Notice being issued for Changpeng Zhao, the CEO and founder of Binance, were being discussed in the cryptocurrency markets.
Bitcoin temporarily surpassed the $28,000 mark and returned to the green. It increased by roughly 1%. Ethereum, its biggest peer, increased by roughly 2% to reclaim the $1,800 levels. But, Dogecoin stood out among the alternative currencies after Elon Musk altered Twitter's logo to Doge.
The price of Ethereum and Bitcoin increased slightly, while DOGE's price increased by 25% in just 24 hours when Twitter switched to the Doge emblem, according to Shivam Thakral, CEO of BuyUcoin.
Elon Musk has been a steadfast promoter of the meme coin, and since then, rumours of DOGE finding a widespread application on the Twitter network have circulated, the author added.
All other leading crypto currencies were trading higher on Tuesday, with the exception of XRP and stablecoins tied to the US dollar, which both saw a 3 percent decline. Dogecoin's price increased by more than 25%. Dogecoin was used as Twitter's new logo by Elon Musk. Shiba Inu increased by roughly 6%, whereas Polkadot increased by 4%.
The market capitalization of all cryptocurrencies was trading much higher at $1.16 trillion, up more than 1% in the previous day. Yet, the overall trading volume increased by more than 44% to $48.24 billion.
Top cryptocurrency, Bitcoin, prices today, April 3, 2023
Leading live games online using bitcoin