Crypto Price Today: Bitcoin falls below $27,600, Polkadot, Litecoin rise up to 2%

economictimes.indiatimes.com:

cryptocurrency markets were trading mixed on Thursday after the consumer price inflation in April rose at a slower-than-expected pace. Cardano, Solana, and Polkadot were trading with gains, while Bitcoin, Ethereum, and Polygon were trading with cuts. Bitcoin (BTC) declined 0.37% to $27,537, whereas Ethereum (ETH) was below the $1,850 level. Meanwhile, BTC volume stood at approximately $20.82 billion, rising 53.29% in the last 24 hours. «The crypto market remained almost flat as encouraging CPI data showed that inflation is cooling down and we can expect relaxation of monetary policies in the future,» Shivam Thakral, CEO of BuyUcoin, said. “Historically, BTC volatility increases around the inflation data release and we can see some fluctuations later today or during the week,” Thakral added.

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The global cryptocurrency market cap was trading lower around $1.14 trillion, falling 0.20% in the last 24 hours. The total volume in DeFi is currently 3.33 billion, 7.23% of the total crypto market 24-hour volume. The volume of all stablecoins is now $41.56 billion, which is 90.13% of the total crypto market 24-hour volume. The market cap of Bitcoin, the world's largest cryptocurrency, was around $533 billion. Bitcoin’s dominance is currently 46.92%, a decrease of 0.02% over the day, according to CoinMarketCap. «The current trading range is $27,250 to $27,700. A break of the resistance can lead to $28,050 and even