Crypto Price Today: Bitcoin holds above $26,000; Polkadot, Shiba Inu rise up to 3%
Meanwhile, the global cryptocurrency market cap was trading higher, around $1.05 trillion, rising 0.40% in the last 24 hours.
«The crypto market remained stable over the weekend, with the total market capitalization hovering around $1.05 trillion. The upcoming week is anticipated to bring heightened market volatility due to various significant macroeconomic events,» said CoinDCX Research Team.
«These events, including US Job Openings, Non-Farm Employment Change, and the Unemployment Rate, are expected to have ripple effects on various assets such as Gold, the Dollar Index, US Equity Markets, and the crypto market,» it added.
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»Other top crypto tokens were also trading higher on Tuesday. Cardano, Dogecoin, and Polkadot surged up to 3.5%.
The market cap of Bitcoin, the world's largest cryptocurrency, was around $506 billion. Bitcoin's dominance is currently 48.29%, according to CoinMarketCap. Meanwhile, BTC volume stood at approximately $10.8 billion, rising 36.98% in the last 24 hours.
«Bitcoin continues to hold $26,000 even as the US stock indices are fighting to bounce off key support at their 20-week moving averages. If they hold, Bitcoin needs to recapture the $28,200 resistance to turn bullish. If wider financial markets go bearish, Bitcoin has to hold $25,200 support to arrest a further decline,» Vikram Subburaj, CEO of Giottus Crypto Platform, said.
Sathvik Vishwanath, Co-Founder & CEO at Unocoin,
