Crypto Price Today: Bitcoin holds near $42,800; Altcoins trade with mixed cues
Bitcoin did not move much but clutched near the $42,800 mark, whereas Ethereum was comfortable above $2,550 levels amid the jittered sentiment for the digital token market.
«On the last day, traders opted for profit booking, causing Bitcoin to come close to the $42,000 mark. However, a rapid bullish phase took over, pushing the price up to $43,500 before settling just below $43,000. Bitcoin's next challenge is at the $43,918 resistance level, while the preceding support level stands at $42,510,» said Edul Patel, CEO of Mudrex.
Other top crypto tokens were trading mixed, with minor changes, on Wednesday. Solana, XRP, Cardano, Dogecoin, and Chainlink were trading in the green, while BNB, Polkadot, Tron, Toncoin, Polygon, and Internet Computer were in the red.
Did you Know?
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View Details»In Wednesday's trade, the global cryptocurrency market cap surged 0.22% to around $1.69 trillion in the last 24 hours.
The total volume in DeFi is currently $4.75 billion, 8.17% of the total crypto market 24-hour volume. The volume of all stablecoins is now $52.84 billion, which is 90.95% of the total crypto market 24-hour volume.
Bitcoin's dominance is currently 49.66%, according to CoinMarketCap. BTC volume in the last 24 hours surged 14.88% to $23.89 billion.
Tech View by Rajagopal Menon, Vice President, WazirX
BTC's Exponential Moving Average for a 10-day EMA indicates “Sell” at 43449, and a 200-day EMA indicates “Buy” at 35079. The Simple Moving Average for a 10-day SMA indicates “Buy” at 44198, and a 200-day SMA indicates “Buy” at 33218.
The Relative Strength
