Crypto Price Today: Bitcoin falls below $27,400; Litecoin, Solana decline up to 3%
cryptocurrency market cap declined 0.89% to around $1.08 trillion in the last 24 hours.
Bitcoin was down 0.7% at $27,397 as of 11:27 p.m., while Ethereum was below the $1,650 level.
BNB, Solana, Cardano, Toncoin, Polkadot, and Litecoin were trading in the red, while XRP and Tron were trading in the green.
«BTC and Ethereum prices have experienced a slight decrease in the past 24 hours. This dip is attributed to rising U.S. bond yields and overbought signals, which have put pressure on Bitcoin,» said CoinDCX Research Team.
Did you Know?
SAP has launched a new enterprise on the Metaverse with the aim of accelerating cloud adoption among Indian firms. The interactive and immersive ‘cloud on wheels’ platform will enable customers to experience the full range of SAP’s offerings and reimagine processes for improved business outcomes.
View Details»The total volume in DeFi is currently $2.5 billion, 7.05% of the total crypto market 24-hour volume. The volume of all stablecoins is now $33.53 billion, which is 93.69% of the total crypto market 24-hour volume.
Bitcoin's dominance is currently 49.47%, according to CoinMarketCap. Meanwhile, BTC volume stood at approximately $11.42 billion, falling 37.6% in the last 24 hours.
«Bitcoin's trajectory appears to be strongly bullish, enticing investors to consider buying above $27,500 to target $28,800 or $29,300, but caution is in order if it breaks above $28,300, which would have triggered a selling trend,» Sathvik Vishwanath, Co-Founder & CEO of Unocoin, said.
«In the near term, Bitcoin is looking to challenge the $28,800 resistance with the potential to reach $29,300 if market conditions remain favourable,» Sathvik added.
Crypto Cart: Quick Glance (Source: coinmarketcap.com,
