News

Bitcoin remains above $30,400 while Polygon and Avalanche drop more than 2%

Bitcoin remains above $30,400 while Polygon and Avalanche drop more than 2%

On Friday, the cryptocurrency markets were trading in a choppy manner. While BNB, Polygon, and Solana had losses in trade, Bitcoin, XRP, and Polkadot saw increases. Ethereum (ETH) was trading below the $1,900 mark while Bitcoin (BTC) increased by 0.02% to $30,405 in value. BTC volume was over $16.68 billion, up 9% over the previous day. The majority of cryptocurrencies traded flat with little movement, supported by optimism around the prospect of a Bitcoin ETF and favourable US economic data. For the fifth day in a row, Bitcoin in particular held its position over the US$30,000 mark. The US$31,000 zone appears to be a bear hotspot. The immediate resistance levels for BTC right now are $30,680 and $30,950, while the support level is $30,000. Around $1.18 trillion worth of cryptocurrencies were being traded globally, down 0.03% in the previous day. DeFi's total 24-hour volume is $2.14 billion, or 6% of the whole crypto market. Currently, the combined volume of all stablecoins is $33.22 billion, or 92% of the 24-hour volume of the whole crypto market. The largest cryptocurrency in the world by market cap, Bitcoin, was valued at almost $590 billion. According to CoinMarketCap, Bitcoin presently has a 50.16% market share, up 0.16% from the previous day. On the daily chart, Bitcoin encounters severe resistance near the $31,000 mark. Dojis and spinners are examples of neutral candles that predict a slight price correction since they show declining bullish enthusiasm and likely buyer tiredness. Cryptocurrency Price Today Bitcoin Price Today | $30,405 0.30% Ethereum Price Today | $1,862 -0.22% Tether Price Today | $0.9998 0.01% BNB Price Today | $235 -0.77% XRP Price Today | $0.4804 -0.21% Cardano Price Today | $0.279 -0.34% Dogecoin Price Today | $0.06501 0.07% Polygon Price Today | $0.6389 -2.16% Solana Price Today | $16.13 -1.76% Litecoin Price Today | $86.8 -1.09% Polkadot Price Today | $5.07 0.12% Tron Price Today | $0.07427 -0.10% Avalanche Price Today | $12.95 -2.03% Shiba Inu Price Today | $0.000007434 -1.76% (Note: Price change in last 24 hours)

Leave a reply