Crypto Price Today: Bitcoin holds above $26,200; Toncoin, Polygon fall up to 3%
cryptocurrency market cap was trading at around $1.05 trillion, falling 0.25% in the last 24 hours.
Bitcoin was down 0.25% at $26,229 as of 11:55 a.m., while Ethereum was flat at $1,590.
«The crypto market remained flat during the last 24 hours as traders await the Fed chief’s speech on Thursday, which will give us a clear picture of future rate hikes,» said Shivam Thakral, CEO of BuyUcoin.
Meanwhile, Edul Patel, Co-Founder & CEO of Mudrex, said, «Bitcoin’s price has consolidated above the $26100 level. This could be because of the US 10-year Treasury yield moving up to 4.55%, matching its highest level in about 16 years.»
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View Details»Barring BNB and Tron, all major crypto tokens were trading lower on Wednesday. Toncoin, Solana and Polygon fell up to 3%. Meanwhile, Litecoin, Polkadot, and Dogecoin declined by 1-2%.
The total volume in DeFi is currently $2.25 billion, 11.4% of the total crypto market 24-hour volume. The volume of all stablecoins is now $19.04 billion, which is 96.46% of the total crypto market 24-hour volume.
Bitcoin's dominance is currently 48.95%, according to CoinMarketCap. Meanwhile, BTC volume in the last 24 hours stood at approximately $7.29 billion, falling 30.35% in the last 24 hours.
Notably, this Friday, a substantial number of BTC and ETH options contracts are set to expire on Deribit, with 117,000 BTC options and 1.1 million ETH options reaching their expiration. This event has
