Crypto Price Today: Bitcoin holds above $26,200; BNB, Polygon rises up to 2%
cryptocurrency market cap was trading at around $1.05 trillion, rising 0.76% in the last 24 hours.
Bitcoin was up 0.56% at $26,291 as of 11:58 a.m., while Ethereum rose 0.78% to $1,590.
The crypto market has traded sideways with slight buying pressure. Continuing its oscillation between the neutral and fear zones, the crypto fear and greed index is back in the fear zone with a score of 46/100 after shedding off a point since yesterday. Markets at large, including crypto and even global equities, are currently dealing with the rate hike concerns and rising treasury yields, said Shubham Hudda, Senior Manager, CoinSwitch Markets Desk.
Barring Solana, Toncoin, and Shiba Inu, all major crypto tokens were trading higher on Tuesday. BNB, XRP and Polygon gained up to 2%.
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View Details»The market cap of Bitcoin, the world's largest cryptocurrency, was around $512 billion. Bitcoin's dominance is currently 48.93%, according to CoinMarketCap.
Meanwhile, BTC volume stood at approximately $10.46 billion, falling 0.45% in the last 24 hours.
«Bitcoin continues to consolidate above $26,000 and is up ~2% this month. If it finishes in the green this week, it will mark the first time in seven years that Bitcoin didn’t have a decline in September. Key resistance level at $27,500 is the next target to breach to hold its price action,» Vikram Subburaj, CEO of Giottus Crypto Platform, said.
«Meanwhile, the US Dollar index, DXY, is
