Crypto Price Today: Bitcoin holds near $37,000; Polygon, Avalanche surge up to 7%
BNB (-2.1%), XRP (-1.8%), Solana (-2.5%), and Chainlink (-5.5%) trading in the red, while Tron (2%), Toncoin (1.6%), Polygon 7.1%), Avalanche (3.5%), and Polkadot were trading in the green.
Meanwhile, the global cryptocurrency market cap fell by 0.43% to around $1.41 trillion in the last 24 hours.
At 12.12 p.m., BTC was trading 0.9% lower at $36,933. In the last 24 hours, the market cap of Bitcoin, the world's largest cryptocurrency, declined to $721 billion.
Bitcoin's dominance is currently 51.20%, according to CoinMarketCap. BTC volume in the last 24 hours rose 0.6% to $13.04 billion.
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View Details»«Bitcoin maintained its position above $37,000 over the weekend, marking a fourth consecutive week of gains. With a 6% increase in the last seven days and a 40% surge in recent weeks, investors are optimistic about spot ETFs. Eyes are now on the $40,000 threshold, said Edul Patel, CEO of Mudrex.
»On the other hand, Ethereum, buoyed by Blackrock's spot ETF filing, remains above $2,000, fostering positivity in smart contract ecosystems. ETH faces resistance at $2,500 and support at $1,900, contributing to overall bullish market sentiment," Edual Said.
Tech view by ZebPay Trade Desk
Bitcoin is poised to conclude the week with a roughly 6% gain, signalling sustained bullish interest. Amidst a prevailing consensus predicting Bitcoin's upward trajectory in 2024, analysts are actively forecasting the potential extent of
