Crypto Price Today: Bitcoin rises 1%, trades near $70K; Cardano, Solana fall up to 1.5%

economictimes.indiatimes.com:

XRP, Dogecoin, Avalanche, Toncoin and Tron soared up to 4.46%. Among the losers were Cardano, Solana, BNB, USDt, and Polygon declined by 1.50% around this time.

Bitcoin sustained its position above the $69,000 mark, exhibiting a period of consolidation in recent days.

Analyst Edul Patel, CEO of Mudrex said that Bitcoin has still not acquired enough strength to make a sharp move, though its gains over a 1-year period remain significant at 147%. If Bitcoin can maintain its upward trajectory beyond the present threshold, it could signal a marginal advantage for bullish sentiment.

In his view, the resistance in Bitcoin looms at $70,200-$73,000 levels while support rests at $67,500 and If BTC can maintain its upward trajectory beyond the present threshold, it would be a signal for marginal bullish sentiments.

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Parth Chaturvedi, Investments Lead, CoinSwitch Ventures said that BlackRock's addition of Goldman Sachs, Citigroup, UBS, Citadel Securities, and ABN AMRO as authorised participants for the iShares Bitcoin Trust has stirred