Crypto Price Today: Bitcoin holds above $25,700; Tron, Polygon rise up to 2%
BNB, Cardano and Tron were trading with gains, while XRP, Dogecoin, Solana and Shiba Inu were trading with cuts.
Meanwhile, the global cryptocurrency market cap was trading higher, around $1.04 trillion, rising 0.22% in the last 24 hours.
«BTC’s price remained within a narrow range for another day, although for a very brief duration, BTC did trade below $25.5k and above $26k. The small dump and pump happened around the same time as the news broke out that a major tech investor Cathie Wood's ARK Invest applied for a spot Ethereum ETF in the US,» Shubham Hudda, Senior Manager at CoinSwitch Markets Desk, said.
The total volume in DeFi is currently $2.07 billion, 7.87% of the total crypto market 24-hour volume. The volume of all stablecoins is now $25.1 billion, which is 95.46% of the total crypto market 24-hour volume.
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View Details»Bitcoin's dominance is currently 48.19%, according to CoinMarketCap. Meanwhile, BTC volume stood at approximately $11.99 billion, rising 11.41% in the last 24 hours.
«Bitcoin (BTC) continues to trade in a tight range above $25,700 with a bearish momentum. The crossing of its 50-day and 200-day moving averages near $27,700 — known as a death cross — is likely in the next week. This will create additional pressure on the asset to break this resistance zone. In case of a fall, June's low of $24,800 will serve as key support,» Vikram Subburaj, CEO of Giottus Crypto Platform, said.
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