Crypto Price Today: Bitcoin falls below $30,000; XRP, Solana shed up to 5%

economictimes.indiatimes.com:

cryptocurrency markets were trading mixed in Friday's trade. Bitcoin, Ethereum, XRP, and Cardano were trading with cuts, while BNB, Dogecoin, and Polkadot were trading with gains. Bitcoin (BTC) fell 1.1% to $29,820, whereas Ethereum (ETH) was below the 1,900 level. BTC volume stood at approximately $15.1 billion, rising 31.47% in the last 24 hours. The global cryptocurrency market cap was trading lower, around $1.2 trillion, falling 0.91% in the last 24 hours. «Bitcoin continued to trade below the US$30,000 mark for another consecutive day, influenced by various factors such as investors taking profits and the strengthening of the US dollar,» Edul Patel, Co-founder and CEO at Mudrex, said.

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Currently, BTC faces immediate resistance at the US$30,000 level, while support can be found at the US$29,600 level, Edul added. The total volume in DeFi is currently $4.36 billion, 11.8% of the total crypto market 24-hour volume. The volume of all stablecoins is now $33.4 billion, which is 90.38% of the total crypto market 24-hour volume. The market cap of Bitcoin, the world's largest cryptocurrency, was around $579 billion. Bitcoin's dominance is currently 48.26%, a decrease of 0.09% over the day, according to CoinMarketCap. «The likelihood of Bitcoin remaining bearish below $30,000 is high, with potential support at $28,900 if it breaks below $29,500. A bullish breakout could push it to $30,000 and even $30,500,»