Crypto Price Today: Bitcoin falls below $25,900; Ethereum holds at $1,600 level
The global cryptocurrency market cap was trading lower, around $1.04 trillion, declining 0.79% in the last 24 hours.
«Bitcoin has been trading around the $25,600 level. This may be because of the uncertainty around a Bitcoin spot ETF in the US. This price movement suggests that the bears are actively trying to control the market,» Edul Patel, CEO & Co-Founder of Mudrex, said.
Meanwhile, other top crypto tokens were also trading lower. Litecoin, Solana, and Shiba Inu fell over 2-3%, while Cardano, XRP, and BNB also declined.
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View Details»The total volume in DeFi is currently $1.87 billion, 7.77% of the total crypto market 24-hour volume. The volume of all stablecoins is now $23.1 billion, which is 96.09% of the total crypto market 24-hour volume.
Bitcoin's dominance is currently 48.27%, according to CoinMarketCap. Meanwhile, BTC volume in the last 24 hours stood at approximately $10.66 billion, rising 9.83% in the last 24 hours.
«Bitcoin is trading in a tight range between $25,500 and $26,200 with low volume and bearish momentum. It is likely to revisit $25,200 in the upcoming weeks to get a rebound. June low of $24,800 will serve as key support,» Vikram Subburaj, CEO at Giottus Crypto Platform, said.
Sathvik Vishwanath, Co-Founder & CEO of Unocoin said, «Bitcoin (BTC) is facing a challenging environment with prices currently at $25,645 and a potential drop to $22,000 looming. This downtrend is attributed to bearish
