Crypto Price Today: Bitcoin rises above $26,200; Ethereum holds above $1,600 level
Meanwhile, the global cryptocurrency market cap was trading higher, around $1.06 trillion, rising 1.32% in the last 24 hours.
«Bitcoin's value is currently trading around the $26,200 level. This positive price movement might be because of a paper that came out yesterday from the IMF and the G20’s Financial Stability Board. The paper said that banning all cryptocurrencies wouldn't work well in the long term and suggested using targeted restrictions and a comprehensive monetary strategy instead,» Edul Patel, CEO & Co-Founder of Mudrex, said.
Other top crypto tokens were also trading higher. Solana, Polkadot, and Litecoin surged over 1%.
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View Details»The total volume in DeFi is currently $2.37 billion, 9.22% of the total crypto market 24-hour volume. The volume of all stablecoins is now $24.11 billion, which is 93.92% of the total crypto market 24-hour volume.
The market cap of Bitcoin, the world's largest cryptocurrency, was around $512 billion. Bitcoin's dominance is currently 48.57%, according to CoinMarketCap. Meanwhile, BTC volume stood at approximately $12.18 billion, falling 0.76% in the last 24 hours.
«Bitcoin currently grapples with the challenge of surmounting the pivotal $26,200 threshold, having failed to breach it despite rallying from $25,350, hinting at a bearish sentiment,» said Sathvik Vishwanath, Co-Founder & CEO of Unocoin.
«As BTC's price hovers beneath $26,000, it encounters resistance from a
