Crypto Price Today: Bitcoin holds $27,800; Ethereum nears $1600
Bitcoin was down 0.5% at $27,806, while Ethereum was below the $1,650 level.
XRP, Solana, Dogecoin, Polygon, Polkadot, and Litecoin were trading in the red, while Toncoin was trading in the green.
«Bitcoin has been trading close to the $28000 level over the weekend. This price movement is in the wake of US non-farm payroll data reporting 336,000 jobs added in September versus economist forecasts for just 170,000. If BTC remains well above the current level, we can see it breach the $28,350 level. If not, support lies at $27,800 level,» said Edul Patel, CEO of Mudrex.
Did you Know?
SAP has launched a new enterprise on the Metaverse with the aim of accelerating cloud adoption among Indian firms. The interactive and immersive ‘cloud on wheels’ platform will enable customers to experience the full range of SAP’s offerings and reimagine processes for improved business outcomes.
View Details»The total volume in DeFi is currently $2.24 billion, 12.36% of the total crypto market 24-hour volume. The volume of all stablecoins is now $16.28 billion, which is 89.84% of the total crypto market 24-hour volume.
Bitcoin's dominance is currently 49.98%, according to CoinMarketCap. Meanwhile, BTC volume in the last 24 hours stood at approximately $7.8 billion, rising 14.5% in the last 24 hours.
«Trading close to $28k, BTC has been maintaining firm support at $27k. Even though there has been a BTC sell-off from short-term holders, the support levels come in as long-term holders are buying more. In fact, last week, the supply held by the long-term buyers stood at 15.6 million BTCs, as opposed to the short-term holder supply of 3.8 million BTCs—the first time since November 2015,» said Parth Chaturvedi, Investments Lead at CoinSwitch
