Crypto Price Today: Bitcoin rises above $25,400; Polygon & Polkadot experience decline

economictimes.indiatimes.com:

cryptocurrency markets were trading mixed in Friday's trade. Bitcoin, Ethereum, and Litecoin were trading with gains, while XRP, Polygon, and Polkadot were trading with cuts. Bitcoin (BTC) rose 2% to $25,472, whereas Ethereum (ETH) was above the $1,650 level. BTC volume stood at approximately $15.42 billion, rising 4% in the last 24 hours. «The crypto market recovered from yesterday’s dip as selling pressure showed signs of cooling down. The rate hike pause announced by the Fed failed to cheer the market as the Fed made it clear that it will not refrain from taking tough steps in the coming months to tackle inflation. We can expect the market to remain choppy if the hawkish stance on monetary policy continues,» Shivam Thakral, CEO of BuyUcoin, said. The global cryptocurrency market cap was trading around $1.04 trillion, rising 1.22% in the last 24 hours.

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The total volume in DeFi is currently $2.59 billion, 7.27% of the entire crypto market's 24-hour volume. The volume of all stablecoins is now $37 billion, which is 104% of the total crypto market 24-hour volume. The market cap of Bitcoin, the world's largest cryptocurrency, was around $494 billion. Bitcoin’s dominance is currently 48%, an increase of 0.28% over the day, according to CoinMarketCap. «Bitcoin traded above the US $25,500 level in the past 24 hours after hitting a three-month low on Wednesday. BTC’s support now lies at the US$25,200 and