Crypto Price Today: Bitcoin falls below $30,400; Cardano, BNB shed over 2%

economictimes.indiatimes.com:

cryptocurrency markets were trading in the red on Thursday despite the lower-than-expected inflation data in June. Bitcoin (BTC) fell 1.21% to $30,357, whereas Ethereum (ETH) was below the 1,900 level. BTC volume stood at approximately $14.62 billion, rising 23.46% in the last 24 hours. «Bitcoin is steady above $30,000, in a range it has been since late June. Favorable US CPI inflation data hasn't excited the market yet with key resistance forming around $31,000,» Vikram Subburaj, CEO at Giottus Crypto Platform, said. «Ethereum continues to lag behind the leading asset under $1,900. This period of consolidation will end with a break on either side with a high probability of a considerable rally in the coming weeks,» he added.

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Other top crypto tokens were also trading lower. BNB, Polygon, Cardano, Dogecoin, and Solana were also trading lower. The global cryptocurrency market cap was trading lower, around $1.18 trillion, falling 1.16% in the last 24 hours. The total volume in DeFi is currently $2.07 billion, 6.74% of the total crypto market 24-hour volume. The volume of all stablecoins is now $27.88 billion, which is 90.58% of the total crypto market 24-hour volume. The market cap of Bitcoin, the world's largest cryptocurrency, was around $590 billion. Bitcoin's dominance is currently 49.92%, a decrease of 0.04% over the day, according to CoinMarketCap. «Bitcoin is currently in an uptrend hovering around