Crypto Price Today: Bitcoin holds above $30,600; Polkadot, Polygon rise over 3%

economictimes.indiatimes.com:

cryptocurrency markets were majorly trading higher in Monday's trade. Bitcoin (BTC) rose 0.65% to $30,688, whereas Ethereum (ETH) was above the $1,900 level. BTC volume stood at approximately $10.92 billion, rising 26.43% in the last 24 hours. «Bitcoin began the new week trading above the US$30,700 mark but struggled to surpass the US$31,000 level, indicating a lack of urgency among bulls to secure profits at this time,» Edul Patel, Co-founder, and CEO at Mudrex, said. «The price has remained relatively stagnant between US$31,431 and US$29,500 for a while now. If BTC manages to break through the US$31,000 threshold, there is potential for an upward trend; otherwise, support is currently situated at US$29,500,» Edul added.

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Other top crypto tokens were also trading higher. Polkadot, Polygon, and Avalanche rose by over 3%. Meanwhile, BNB, Dogecoin, and Litecoin also traded with gains. The global cryptocurrency market cap was trading higher, around $1.21 trillion, rising 1.10% in the last 24 hours. The total volume in DeFi is currently 2.55 billion, 8.46% of the total crypto market 24-hour volume. The volume of all stablecoins is now $26.98 billion, which is 89.53% of the total crypto market 24-hour volume. The market cap of Bitcoin, the world's largest cryptocurrency, was around $595 billion. Bitcoin's dominance is currently 49.36%, a decrease of 0.22% over the day, according to CoinMarketCap. «Bitcoin is