Crypto Price Today: Bitcoin jumps above $30,700; Chainlink, Polygon zoom up to 11%
Bitcoin was up 2.46% at $30,721 as of 12:39 p.m., while its largest peer, Ethereum, rose 2.4% to above the $ 1,650 level. Majority of the altcoins were trading higher.
BTC has been holding firm above the $30k mark as several altcoins have started to catch up with this Q4 rally as well. Even as we have seen Bitcoin go up daily for 4 days in a row now, the $28k-31k range has acted as a major liquidity zone and BTC must cross the $31.5k-33k zone before one can say with certainty that this resistance zone has been broken, said Shubham Hudda, Senior Manager at CoinSwitch Markets Desk.
Edul Patel, CEO of Mudrex, said, «Over the weekend, Bitcoin breached the $30,000 threshold amid renewed optimism regarding the potential approval of a Bitcoin Spot ETF as several applicants made amendments to their applications with the SEC last week.»
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View Details»Other popular altcoins, including the likes of Chainlink and Polygon, rose 11% and 8%, respectively. Also, BNB, Solana, Litecoin, and Dogecoin added over 2%.
The total volume in DeFi is currently $3.71 billion, 10.93% of the total crypto market 24-hour volume. The volume of all stablecoins is now $30.36 billion, which is 89.43% of the total crypto market 24-hour volume.
In the last 24 hours, the market cap of Bitcoin, the world's largest cryptocurrency, surged to $599 billion. Bitcoin's dominance is currently 51.49%, according to CoinMarketCap. BTC volume in the last 24
