Crypto Price Today: Bitcoin falls below $28,400; Toncoin, Shiba Inu shed up to 4%
The global cryptocurrency market cap declined 1.28% to around $1.08 trillion in the last 24 hours.
Other popular altcoins, including the likes of Polygon, Dogecoin, Ripple (XRP), and Solana plunged up to 1-2%. Toncoin, Litecoin, and Shiba Inu declined up to 2-4%
Bitcoin has been trading above the $28,200 level in the last 24 hours. This price movement follows asset manager Fidelity filing an amendment to its proposed spot bitcoin ETF with the U.S. SEC, specifying how it will safeguard customers’ bitcoin in custody accounts and disclose risks, said Edul Patel, CEO of Mudrex.
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View Details»Meanwhile, Vikram Subburaj, CEO of Giottus Crypto Platform, said, «Bitcoin is consolidating above $28,200 with low trade volume in the last 2 days. The number of leveraged trades in the market has decreased considerably as traders remain uncertain about its next move. BTC has to take out $28,600 to sustain a rally towards $30,000. Its dominance continues to increase even as the ETH/BTC pair has dropped below 0.055 for the first time since July 2022.»
The total volume in DeFi is currently $2.23 billion, 5.70% of the total crypto market 24-hour volume. The volume of all stablecoins is now $36.74 billion, which is 94.03% of the total crypto market 24-hour volume.
In the last 24 hours, the market cap of Bitcoin, the world's largest cryptocurrency, surged to $552 billion. Bitcoin's dominance is currently 51.2%, according to
