BNB (6.8%), and Cardano (0.6%) were trading in the green, while XRP (-1.7%), Solana (-6.7%), Dogecoin (-3.8%), Chainlink (-4.4), and Avalanche (-7.5%) were trading in the red.
Meanwhile, the global cryptocurrency market cap increased by 0.08% to around $1.42 trillion in the last 24 hours.
At 11.23 a.m., BTC was trading 0.6% higher at $37,354. In the last 24 hours, the market cap of Bitcoin, the world's largest cryptocurrency, surged to $730 billion.
«Bitcoin is currently trading at the $37,400 level as investors anticipate updates from today's US FOMC meeting. Notably, Bitcoin has achieved a remarkable growth of over 126% since the beginning of the year. Concurrently, Ethereum sustains its position above the $2,000 threshold amidst discussions about the Spot ETH ETF applications in the US,» said Edul Patel, CEO of Mudrex.
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The total volume in DeFi is currently $5.16 billion, 9.27% of the total crypto market 24-hour volume. The volume of all stablecoins is now $50.09 billion, which is 90.07% of the total crypto market 24-hour volume.
Bitcoin's dominance is currently 51.65%, according to CoinMarketCap. BTC volume in the last 24 hours surged 47.26% to $20.72 billion.
«Bitcoin is consolidating in the range between $35,500 and $38,000 this week. If it breaches this range to the upside, a rally towards $40,000 is likely,» said Vikram Subburaj, CEO of Giottus Crypto Platform.
Tech view by Rajagopal