Crypto Price Today: Bitcoin falls below $27,600; Ethereum, Toncoin shed up to 4%
cryptocurrency market cap declined 2% to around $1.09 trillion in the last 24 hours.
Bitcoin was down 1.8% at $27,617 as of 12:38 p.m., while Ethereum was below the $1,700 level.
«Bitcoin’s price rose above $28,000, the highest level in the last 30 days, before consolidating around $27,500. This price movement could be because of the U.S. 10-year Treasury yield soaring another 11 basis points to 4.69%, slightly affecting the gains caused by positive indicators like the Ether futures ETFs approvals by the U.S. SEC,» said Edul Patel, CEO and co-founder of Mudrex.
Meanwhile, Shubham Hudda, Senior Manager at CoinSwitch Markets Desk, said, «Bitcoin momentarily broke above the extremely important resistance of $28.5k, which is the 50-day Exponential Moving Average (50EMA) as well, before bears took the grip and BTC fell back to around $27.5k. This volatility means that the market saw its highest volumes in more than a month. More volumes will attract more traders to the market.»
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View Details»In today's trade, Toncoin, Ethereum and Polkadot declined over 3%, while Litecoin, Tron, Dogecoin, Solana, BNB and XRP fell up to 2%.
The total volume in DeFi is currently $3.3 billion, 7.57% of the total crypto market 24-hour volume. The volume of all stablecoins is now $40.8 billion, which is 93.74% of the total crypto market 24-hour volume.
Bitcoin's dominance is currently 49.38%, according to CoinMarketCap. Meanwhile, BTC
