Crypto Price Today: Bitcoin rises above $25,700; Solana, Shiba Inu surge up to 3%
BNB, XRP, Dogecoin. and Litecoin were trading with cuts.
Meanwhile, the global cryptocurrency market cap was trading higher, around $1.04 trillion, rising 0.31% in the last 24 hours.
Both Bitcoin and Ethereum have exhibited stability, remaining within a narrow 2% price range in recent days. Notably, open interest in both of these tokens is on the rise, indicating new short positions are being opened, said CoinDCX Research Team.
Solana recently partnered with Visa, a global payment giant. This collaboration aims to make crypto more accessible for everyday transactions, potentially leading to wider adoption. Following this news, Solana was up 5% in early trade, CoinDCX said.
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View Details»The total volume in DeFi is currently $2.26 billion, 9.34% of the total crypto market 24-hour volume. The volume of all stablecoins is now $23.36 billion, which is 96.42% of the total crypto market 24-hour volume.
Bitcoin's dominance is currently 48.26%, according to CoinMarketCap. Meanwhile, BTC volume stood at approximately $10.83 billion, rising 1.69% in the last 24 hours.
«Currently, BTC faces resistance at $25,900 and finds support at $25,700. However, it has still not yet gathered the necessary momentum to make a decisive move. So, there is a possibility of Bitcoin trading sideways for some period,» Edul Patel, CEO and Co-founder of Mudrex, said.
Tech view by Rajagopal Menon, Vice President at WazirX on the Crypto Market
BTC's
