Crypto Price Today: Bitcoin falls below $37,000; Tron, Avalanche shed over 5%
cryptocurrency market cap declined 1.7% to around $1.4 trillion in the last 24 hours.
At 11.23 a.m., BTC was trading 1.08% lower at $36,933, while the second most popular token, Ethereum, was down 2.38% at $2,000.
Other popular altcoins, such as Tron, Chainlink, and Avalanche, plunged over 5% each. Also, BNB, XRP, Solana, Cardano, Dogecoin, Polygon and Shiba Inu fell 2-4%.
The total volume in DeFi is currently $5.12 billion, 10.06% of the total crypto market 24-hour volume. The volume of all stablecoins is now $47.55 billion, which is 93.42% of the total crypto market 24-hour volume.
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View Details»In the last 24 hours, the market cap of Bitcoin, the world's largest cryptocurrency, fell to $721 billion. Bitcoin's dominance is currently 51.69%, according to CoinMarketCap. BTC volume in the last 24 hours surged 25.52% to $18.91 billion.
«Bitcoin is encountering tough resistance at $37,400. After breezing past $38,000 last week, the asset has dropped back to its short-term consolidation zone. If it fails to breach this resistance comprehensively, a revisit of $34,000 is likely in upcoming weeks,» said Vikram Subburaj, CEO of Giottus Crypto Platform.
Sathvik Vishwanath, Co-Founder & CEO of Unocoin, said, «Technically, Bitcoin's pivot is $37,158, facing resistance at $38,648, $39,944, and $41,407, with support at $35,916, $34,399, and $33,185. Overall, the bearish trend remains below $37,400, requiring close
