Crypto Price Today: Bitcoin falls below $41,000; Solana, Dogecoin decline over 4%
Cryptocurrency markets were trading lower in Monday's trade, dragged by Bitcoin, Ethereum, Solana, and Dogecoin. The global cryptocurrency market cap declined by 1.6% to around $1.62 trillion in the last 24 hours.
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View Details»At 9:50 am, Bitcoin was trading 1.55% lower at $40,999, while Ethereum was down 2.09% at $2,421. Whereas altcoins, such as Solana, Cardano, Dogecoin, and Internet Computer, fell over 4% each.
«The bearish trend persists for BTC, displaying a downtrend movement as it encounters resistance from the 20EMA on the 4-hour chart. Presently, it is hovering above the $40,500 support level, however, there's no clear confirmation of a reversal or uptrend at this point,» said CoinDCX Research Team.
«ETH, too, is navigating below the 20EMA after a considerable duration and is currently slightly beneath the support level at $2,450. It's positioned just above the $2,390 support level. The overall outlook for ETH appears bearish, and a potential pullback might be anticipated from the key level at $2,390,» CoinDCX said.
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View Details»Other major altcoins, such as BNB, XRP, Avalanche, Tron, Chainlink, Polkadot, Toncoin, Polygon, and Shiba Inu also declined.
The total volume in DeFi is currently at $3.94 billion, 11.77% of the total crypto market 24-hour volume. The volume of all stablecoins is now at $29.25 billion, which is 87.33% of the total crypto market 24-hour volume.
In the last 24 hours, the market cap of Bitcoin, the world's largest cryptocurrency,
