Crypto Price Today: Bitcoin falls below $30k; Tron, Dogecoin shed up to 5%
«Most cryptocurrencies witnessed a slight decline ahead of the US CPI data for March, which is set to be released today. Bitcoin was seen consolidating at the US$29,930 level after attempting a fresh increase and spiked above the US$30,450 resistance zone yesterday. The next support of BTC is near the US$29,400 level, and resistance is at US$30,250,» Edul Patel, Co-founder and CEO at Mudrex, said. «On the other hand, the whole crypto industry is looking forward to the long-awaited Shanghai upgrade which is set to go live today, allowing phased staking withdrawals,» Patel added. Other top crypto tokens were also trading lower. Tron declined nearly 5%. Meanwhile, BNB, XRP, Litecoin, Dogecoin and Cardano also traded with cuts. The global cryptocurrency market cap was trading lower around $1.22 trillion, falling 1.22% in the last 24 hours.
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View Details »The market cap of Bitcoin, the world's largest cryptocurrency, was around $579 billion. Bitcoin’s dominance is currently 47.50%, gaining 0.51% over the day, according to CoinMarketCap. From a technical analysis perspective, «the BTC/USD pair shows a clear bullish trend at the $30,000 milestone with potential resistance at $31,000 or even $32,250 if this level is breached,» Sathvik Vishwanath, Co-founder & CEO of Unocoin, said. Rajagopal Menon, Vice President at WazirX said, «Major market oscillators point to a neutral sentiment. The Relative Strength Index (14) sits at
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