Crypto Price Today: Bitcoin holds near $38,000; Solana, Avalanche rise up to 3%
BNB (-0.8%), Polkadot (-2.1), and Shiba Inu (-1.4%) were trading in the red, while Solana (3.3%), Dogecoin (0.5%), Toncoin (0.3%), Polygon (1%), and Avalanche (2.6%) were trading in the green.
Meanwhile, the global cryptocurrency market cap declined by 0.14% to around $1.43 trillion in the last 24 hours.
At 10.55 a.m., BTC was trading 0.08% lower at $37,937. In the last 24 hours, the market cap of Bitcoin, the world's largest cryptocurrency, fell to $741 billion.
«Price movements across the crypto market remain predominantly bearish as investors and money managers grapple with the potential repercussions of intensified regulatory measures targeting the industry,» said ZebPay Trade desk.
Did you Know?
As a beginner to cryptocurrency investing, you should consider two critical things. First, you should determine and understand your risk tolerance, as cryptocurrencies can be volatile. Only invest what you can afford to lose. Secondly, don’t put all your funds in one cryptocurrency; diversify to mitigate risks. Deciding where to invest your hard-earned money can be difficult.
View Details»«Initially, market sentiment soared with optimism surrounding the possible approval of a spot Bitcoin ETF in November. Despite the earlier enthusiasm, the BTC price has now dipped below the critical $38,000 level, causing Bitcoin to struggle to maintain positive momentum for the month of November,» it said.
Meanwhile, CoinDCX Research Team said, «BTC retraced from the $38,000 resistance level following the Wall Street open on November 29, influenced by better-than-expected U.S. gross domestic product (GDP) figures. Despite the prior push above $38,000, BTC fluctuated around that level and eventually dropped after the release of U.S.
