Crypto Price Today: Bitcoin holds above $30,400; Polygon, Avalanche fall over 2%

economictimes.indiatimes.com:

cryptocurrency markets were trading mixed in Wednesday's trade. Bitcoin, XRP, and Polkadot were trading with gains, while BNB, Polygon, and Solana were trading with cuts. Bitcoin (BTC) rose 0.02% to $30,405, whereas Ethereum (ETH) was below the $1,900 level. BTC volume stood at approximately $16.68 billion, rising 9% in the last 24 hours. «Most cryptocurrencies traded flat with minimal fluctuations, fueled by the positive sentiment surrounding the possibility of a Bitcoin ETF and encouraging economic indicators from the US Bitcoin, in particular, maintained its position above the US$30,000 threshold for the fifth consecutive day,» Edul Patel, Co-founder, and CEO at Mudrex, said. «The bears seem to be active near the US$31,000 zone. BTC currently faces immediate resistance at the US$30,680 and US$30,950 levels, while the support level rests at US$30,000,» Edul added.

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The global cryptocurrency market cap was trading around $1.18 trillion, falling 0.03% in the last 24 hours. The total volume in DeFi is currently $2.14 billion, 6% of the total crypto market 24-hour volume. The volume of all stablecoins is now $33.22 billion, which is 92% of the total crypto market 24-hour volume. The market cap of Bitcoin, the world's largest cryptocurrency, was around $590 billion. Bitcoin's dominance is currently 50.16%, an increase of 0.16% over the day, according to CoinMarketCap. «Bitcoin faces significant resistance