Crypto Price Today: Bitcoin holds above $29,000; Shiba Inu, XRP fall up to 5%

economictimes.indiatimes.com:

cryptocurrency markets were trading in the red in Monday's trade. Bitcoin (BTC) fell 0.06% to $29,006, whereas Ethereum (ETH) was below the 1,850 level. BTC volume stood at approximately $8.1 billion, rising 26.27% in the last 24 hours. «Bitcoin's price remained calm throughout the weekend, trading in a narrow range of around $29,000. Bitcoin has been less volatile than gold on a 5-day weighted average. Meanwhile, Shiba Inu (SHIB) surged by more than 20% over the weekend. The rally was sparked by news that Binance would be adding SHIB as collateral for flexible loans,» said CoinDCX Research Team. The total volume in DeFi is currently at $2.32 billion, 10.5% of the total crypto market 24-hour volume. The volume of all stablecoins is now $20.33 billion, which is 91.99% of the total crypto market 24-hour volume. Meanwhile, the global cryptocurrency market cap was trading marginally lower, around $1.16 trillion, falling 0.09% in the last 24 hours.

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The market cap of Bitcoin, the world's largest cryptocurrency, was around $564 billion. Bitcoin's dominance is currently 48.65%, an increase of 0.08% over the day, according to CoinMarketCap. «Bitcoin continues to trade sideways in a narrow range with low volumes indicating indecision. The asset is hovering around just below its 50 Day Moving Average. BTC after making the recent high of $31,804 witnessed profit booking and the prices corrected almost by 10% and