Crypto Price Today: Bitcoin falls below $26,000; Ethereum holds $1,600 level
XRP, Cardano, and Solana were trading with gains, while Dogecoin, Polkadot, Litecoin, and Shiba Inu were trading with cuts.
Meanwhile, the global cryptocurrency market cap was trading higher, around $1.05 trillion, rising 0.18% in the last 24 hours.
The crypto market was range-bound over the weekend and continues to trade sideways. The crypto fear and greed index, too, remained steady over the weekend. The index is currently in the fear zone with a score of 40/100, said Parth Chaturvedi, Investments Lead at CoinSwitch Ventures.
«All major cryptos by market capitalization are trading marginally in the green. BTC and ETH continue to trade in a narrow range around their respective anchor levels of $26k and $1.6k. However, recent whale activity pertaining to BTC underlines optimism among investors,» Parth said.
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View Details»The total volume in DeFi is currently $2.04 billion, 9.54% of the total crypto market 24-hour volume. The volume of all stablecoins is now $19.96 billion, which is 93.44% of the total crypto market 24-hour volume
The market cap of Bitcoin, the world's largest cryptocurrency, was around $505 billion. Bitcoin's dominance is currently 48.36%, according to CoinMarketCap. Meanwhile, BTC volume stood at approximately $9.6 billion, rising 14.83% in the last 24 hours.
Notably, both Bitcoin and Ether are trading below their 50-day moving averages, indicating a bearish trend, said the CoinDCX Research Team.
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