Crypto Price Today: Bitcoin holds above $27,200; Solana, Polkadot tank up to 5%
Meanwhile, the global cryptocurrency market cap was trading lower, around $1.09 trillion, falling 0.78% in the last 24 hours.
The crypto market has traded sideways with downward pressure in the last 24 hours. Investor sentiment, however, continued to climb and jumped 3 points since yesterday; currently in the neutral zone with a score of 52/100, said Shubham Hudda, Senior Manager, CoinSwitch Markets Desk.
«BTC seems to have lost the momentum it had gained after Grayscale’s historic win against the SEC. However, analysts predict a 75% chance that Bitcoin ETFs will get approval this year. The SEC is also expected to rule on the ETF applications submitted by other players like BlackRock, Fidelity, Invesco, and WisdomTree, this week,» Shubham said.
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View Details»Other top crypto tokens were also trading lower on Thursday. Solana fell nearly 5%, while Polkadot and Shiba Inu also declined.
The total volume in DeFi is currently 1.86 billion, 6.43% of the total crypto market 24-hour volume. The volume of all stablecoins is now $27.48 billion, which is 95.19% of the total crypto market 24-hour volume.
The market cap of Bitcoin, the world's largest cryptocurrency, was around $530 billion. Bitcoin's dominance is currently 48.89%, according to CoinMarketCap. Meanwhile, BTC volume in the last 24 hours stood at approximately $14.58 billion, falling 52.55% in the last 24 hours.
«Bitcoin reactionary rally towards $28,000 post
