Bitcoin remains above $29,000, Shiba Inu and XRP drop up to 5%
In Monday's trading, the cryptocurrency markets were in the red. Bitcoin (BTC) declined 0.06% to $29,006, while Ethereum (ETH) plummeted below $1,850. BTC volume was over $8.1 billion, up 26.27% in the last 24 hours. Throughout the weekend, Bitcoin's price remained stable, trading in a small band of roughly $29,000. On a 5-day weighted average, bitcoin has been less volatile than gold. Shiba Inu (SHIB) rose by more than 20% during the weekend. The revelation that Binance would accept SHIB as collateral for flexible loans triggered the rise. The overall volume in DeFi is currently $2.32 billion, accounting for 10.5% of the entire 24-hour activity in the crypto market. The total volume of all stablecoins is now $20.33 billion, accounting for 91.99% of the total 24-hour volume of the crypto market. Meanwhile, the worldwide cryptocurrency market cap was trading slightly lower, about $1.16 trillion, down 0.09% in the previous 24 hours. Bitcoin, the world's largest cryptocurrency, had a market valuation of roughly $564 billion. According to CoinMarketCap, Bitcoin's dominance is at 48.65%, up 0.08% from the previous day. Bitcoin is still trading sideways in a confined range, with low volumes reflecting uncertainty. The asset is currently trading slightly below its 50-day moving average. After reaching a recent high of $31,804, BTC saw profit booking, and prices fell nearly 10% to a low of $28,585. The asset found support at the critical level of $28,500 and recovered to $30,000. However, the bulls were unable to sustain and maintain prices above the psychological milestone of $30,000. Breakouts over $32,500 or below $28,500 with high volumes will help to determine the asset's trend. Crypto Price Today Bitcoin Price Today $29,006 Ethereum Price Today $1,829 Tether Price Today $0.998 BNB Price Today $242 XRP Price Today $0.6162 Cardano Price Today $0.2914 Dogecoin Price Today $0.07447 Solana Price Today $23.01 0.56% Polygon Price Today $0.6691 Litecoin Price Today $82.31 Polkadot Price Today $4.98 Tron Price Today $0.07672 -0.76% Shiba Inu Price Today $0.000009256 (Note: Price change in last 24 hours)
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