Crypto Price Today: Bitcoin hold above $26,000; Shiba Inu, BNB surge over 3%
Litecoin and Solana were trading with cuts, while Bitcoin, BNB, Tron, and Shiba Inu were trading with gains.
Meanwhile, the global cryptocurrency market cap was trading lower, around $1.05 trillion, falling 0.20% in the last 24 hours.
Bitcoin dropped to trading around the $25,600 level before consolidating to trading above the $26,000 level. Ethereum has been trading above the $1600 level. Meanwhile, Balancer, One of Ethereum’s top decentralized crypto trading projects, dropped nearly $100 million after discovering a critical vulnerability, said Edul Patel, CEO & Co-Founder of Mudrex.
The market cap of Bitcoin, the world's largest cryptocurrency, was around $507 billion. Bitcoin's dominance is currently 48.37%, an increase of 0.13% over the day, according to CoinMarketCap.
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View Details»BTC volume stood at approximately $15.31 billion, rising 18.5% in the last 24 hours.
«Bitcoin is facing resistance at $26,200, which is marked by bearish patterns and a potential drop to $25,200. Conversely, a break of the $26,200 resistance could target $26,800, with bullish momentum eyeing $27,600. Below $25,200, significant losses could lead to a potential low of $24,800,» Sathvik Vishwanath, Co-Founder & CEO of Unocoin, said.
Rajagopal Menon, Vice President at WazirX, said, «Major market oscillators point toward a Neutral sentiment. The Relative Strength Index (14), one of the key indicators, sits at 21, with a buy outlook. The
