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Rise of Solana, Polygon, and Bitcoin to above $26,700

Rise of Solana, Polygon, and Bitcoin to above $26,700

Crypto Price Today: In Tuesday's trading, there were mixed results on the cryptocurrency markets. While BNB, XRP, and Cardano had losses in trade, Bitcoin, Solana, and Polygon saw increases. Ethereum (ETH) was trading above the $1,700 mark while Bitcoin (BTC) increased by 1% to $26,796. BTC volume was at $14.7 billion, up nearly 57% over the previous day. The previous 24 hours have seen a price consolidation for bitcoin above the US$26,600 mark. Even yet, BTC surged beyond $27,000, reaching a peak close to $27,184, and the price is already reversing gains. However, there is a resurgence of positive momentum, and BTC is currently trading around US$26,900. BTC's current support is at the US$26,700 level, and its current resistance is at the US$27,200 mark. The market capitalization of all cryptocurrencies was around $1.07 trillion, up 0.62% over the previous 24 hours. DeFi's total 24-hour volume is $1.73 billion, or 6% of the whole crypto market. Currently, the 24-hour volume of all stablecoins is $26.96 billion, or 94% of the overall volume of the cryptocurrency market. The largest cryptocurrency in the world by market cap, Bitcoin, was valued at almost $520 billion. According to CoinMarketCap, the market share of Bitcoin increased by 0.32% from the previous day to 48%. While altcoins lose ground to it, bitcoin holds strong near $27,000. The BTC market share is getting close to 50% post, and in the coming weeks, it could rise swiftly to 55%. The next crucial threshold that Bitcoin must cross to signify a local bottom is $28,600, while a sweep of a lower goal ($24,400) is still feasible to get rid of the long positions. Cryptocurrency Price Today Bitcoin Price Today | $26,796 1.33% Ethereum Price Today | $1,727 0.10% Tether Price Today | $0.9998 -0.02% BNB Price Today | $241 -0.78% XRP Price Today | $0.4866 -1.39% Cardano Price Today | $0.2593 -1.17% Dogecoin Price Today | $0.06212 0.08% Polygon Price Today | $0.6091 1.33% Solana Price Today | $16 3.39% Litecoin Price Today | $77.01 -0.66% Polkadot Price Today | $4.49 -1.48% Tron Price Today | $0.06933 -1.02% Avalanche Price Today | $11.46 0.88% Shiba Inu Price Today | $0.000007185

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Bitcoin drops to $27,800 while XRP and Solana increase by 4%

Bitcoin drops to $27,800 while XRP and Solana increase by 4%

On Wednesday, the cryptocurrency markets saw uneven trade. Trading was up for XRP, Solana, and Litecoin and down for Bitcoin, Ethereum, and BNB. Ethereum (ETH) was barely above the $1,900 mark while Bitcoin (BTC) dropped 0.71% to $27,805 in price. BTC volume was roughly $12.73 billion, down 20.53% from the previous day. The price of bitcoin began to rise steadily above the US$28,000 resistance level. However, it has since dropped more than 1% and is now selling at around US$27,700. BTC's next resistance level at US$28,500 might be reached if an upward break above US$28,000 occurs. BTC's price may continue to fall towards US$27,580 if it fails to surpass the US$28,000 mark. 8.05% of the 24-hour volume of the whole crypto market, or $2.24 billion, is now being traded in DeFi. All stablecoin volume is currently $25.50 billion, or 91.76% of the 24-hour volume of the whole crypto market. The market capitalization of all cryptocurrencies was down about $1.16 trillion, dropping 0.43% in the previous day. The largest cryptocurrency in the world by market cap, Bitcoin, was valued at over $539 billion. According to CoinMarketCap, the dominance of Bitcoin is currently 46.54%, down 0.16% from the previous day. "Bitcoin's current market price is about $28,000, and the 50-day exponential moving average is at $27,700, pointing to an overbought market. Investors may engage in short selling in anticipation of a decline to $27,500 and possibly even lower to $27,000 if Bitcoin fails to break above $28,300. To hit the initial resistance level at $29,000 and maybe $29,450, investors may consider taking long positions if Bitcoin breaks above $28,300 and closes above it. Bitcoin | $27,805 Ethereum | $1,902 Tether | $1.00 BNB | $312 XRP | $0.5003 Cardano | $0.3811 Dogecoin | $0.07268 Polygon | $0.9067 Solana | $20.84 Litecoin | $91.41 Polkadot | $5.47 Tron | $0.07637 Shiba Inu | $0.000008694 (Note: Price change in last 24 hours)

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Avalanche & Solana increase to 9%, Ethereum exceeds $2,100, and Bitcoin maintains $30,000

Avalanche & Solana increase to 9%, Ethereum exceeds $2,100, and Bitcoin maintains $30,000

Even after a slight drop, Bitcoin held steady at $30,000, but Ethereum outperformed by advancing further and maintaining its $2,1000 level over the weekend. The top cryptocurrency tokens experienced mixed trading during Monday's early trading hours as Ethereum soared following the Shanghai upgrade while Bitcoin experienced some profit taking. Even BNB saw a big increase in trading. The US Federal Reserve raising interest rates, though, put the traders on edge. Even after the price of the biggest crypto asset saw a minor fall, Bitcoin kept holding the $30,000 mark. Ethereum, its main rival, outperformed as it climbed higher and held the $2,1000 level throughout the weekend. The mix of altcoins remained unchanged. After reaching a high of US$31,005 on Friday, which was its highest amount since June 2022, bitcoin remained stable at the $30,000 level. Investors responded by locking in their gains, "Ethereum, the second-largest cryptocurrency, hit a fresh high of $2,141 over the weekend, helped by investor optimism in the wake of the Shanghai upgrade's successful implementation. In comparison to its June 2022 lows, it has increased 134%. At the early Asian trading hours, all major crypto coins were trading in a mixed manner. Avalanche climbed 10% among the gainers, followed by Solana's 6% increase. BNB also increased by 5%. Shiba Inu lost more than 2%, followed by losses of around 1% for each of XRP, Cardano, and Polkadot among the losers. The market capitalization of all cryptocurrencies was trading flat at $1.27 trillion and had increased slightly over the previous day. The total trade volume did, however, increase by more than 20% to $40.70 billion. With increased regulation and inspection, a new US bill that would penalise stablecoin issuers who do not register with steep fines and prison terms might have an effect on the whole cryptocurrency sector. Following successful upgrades, Ethereum reached a one-year high of $2,123, with a rise in staking deposits pointing to a bright future. Despite short-term obstacles, favourable regulatory clarity and gradual interest rate increases may help ETH remain in circulation and limit price volatility.

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