Crypto Price Today: Bitcoin falls below above $42,400; Cardano, Chainlink shed over 6%
cryptocurrency markets were trading lower on Friday, dragged by Bitcoin, Ethereum, BNB, Cardano, and Chainlink. Meanwhile, the global cryptocurrency market cap declined 0.75% to around $1.67 trillion in the last 24 hours.
At 1:16 p.m., BTC was trading 1.5% lower at $42,354, while Ethereum was down 1.3% at $2,344.
Currently consolidating at US$42,500, Bitcoin faces immediate resistance at US$43,000. A close above this level may trigger a price surge, with support at US$42,150 on the downside, said Edul Patel, CEO of Mudrex.
CoinDCX Research Team said, «BTC has been moving sideways within the range of $41,900 and $44,500 over the past few days, currently sitting at the incline trendline support. If it sustains at this level, there might be a chance for another touch of the resistance level at $44,500.»
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View Details»«ETH is currently below the resistance level of $2,380, and in the lower time frame, it appears bullish as it remains above the 20 EMA D,» CoinDCX said.
Other popular altcoins, such as Cardano, Polygon, and Chainlink, declined 3-7%. XRP, Solana, BNB, Avalanche, Dogecoin, Toncoin, and Shiba Inu also declined.
The total volume in DeFi is currently $8.34 billion, 11.34% of the total crypto market 24-hour volume. The volume of all stablecoins is now $68.86 billion, which is 93.63% of the total crypto market 24-hour volume.
Bitcoin's dominance is currently 49.79%, according to CoinMarketCap. BTC volume in the last 24 hours fell 14.68% to $22.64 billion.
Tech View by Sathvik Vishwanath, Co-Founder & CEO, Unocoin
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