Crypto Price Today: Bitcoin holds below $29,400; Shiba Inu, Dogecoin falls up to 3%

economictimes.indiatimes.com:

BNB, XRP, and Polygon were trading with marginal gains, while Ethereum, Dogecoin, Shiba Inu, Tron and Solana were trading with cuts. Meanwhile, the global cryptocurrency market cap was trading flat, around $1.17 trillion, rising 0.03% in the last 24 hours. «Crypto markets remained sideways over the weekend with Bitcoin trading close to $29,400. The lack of volatility has pulled Bitcoin futures trading volumes to their lowest levels since December 2022. This shows that traders may have been avoiding making moves at the current levels,» said, CoinDCX Research Team. BTC volume stood at approximately $9.88 billion, rising 59.34% in the last 24 hours.

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On Monday, the market cap of Bitcoin, the world's largest cryptocurrency, was around $571 billion. Bitcoin's dominance is currently 48.73%, according to CoinMarketCap. «The market, overall, seems to be headed toward price stability. BTC and ETH continue to trade within their respective narrow ranges around $29k and $1.8k. SHIB, which surged ahead of its upcoming layer-2 network launch, also observed some selling pressure in the last 24 hours,» Parth Chaturvedi, Investments Lead, CoinSwitch Ventures, said. Rajagopal Menon, Vice President at WazirX, said, «Major market oscillators point to a Neutral sentiment. The Relative Strength Index (14) sits at 47, with a neutral outlook. The Stochastic %K (14, 3, 3) at 47 and the Average Directional Index (14) at 13