Crypto Price Today: Bitcoin rises above $27,000 ahead of Fed decision on rates
BNB, Dogecoin, and Litecoin were trading with cuts.
Bitcoin (BTC) rose 0.92% to $27,044, whereas Ethereum (ETH) was above the 1,600 level. Meanwhile, the global cryptocurrency market cap was trading higher, around $1.07 trillion, rising 0.62% in the last 24 hours.
«Bitcoin's price has surged beyond the $27,000 threshold, and this upward trajectory could likely be attributed to Nomura, one of Japan's leading investment banks, unveiling a Bitcoin-based fund designed for institutional investors,» said Edul Patel, CEO & Co-founder of Mudrex.
Market sentiment currently varies from neutral to bullish as market participants await the Federal Reserve's FOMC decision regarding interest rates, set to be announced later today, Edul said.
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View Details»The total volume in DeFi is currently $2.23 billion, 7.94% of the total crypto market 24-hour volume. The volume of all stablecoins is now $25.78 billion, which is 91.89% of the total crypto market 24-hour volume.
The market cap of Bitcoin, the world's largest cryptocurrency, was around $527 billion. Bitcoin's dominance is currently 49.16%, according to CoinMarketCap.
Meanwhile, BTC volume stood at approximately $14.5 billion, falling 3.86% in the last 24 hours.
Tech view by Sathvik Vishwanath, Co-Founder & CEO, Unocoin
Bitcoin recently broke the long-term resistance at $26,800, attributed to the “double top” pattern seen in the 4-hour period. This breach also marked a successful
