Crypto Price Today: Bitcoin rises above $30,400; Polygon, BNB jump up to 9%

economictimes.indiatimes.com:

cryptocurrency market was trading higher on Tuesday, with Bitcoin (BTC) rising 1.23% to $30,476, while Ethereum was above the $1,850 level. Meanwhile, BTC volume in the last 24 hours stood at approximately $14.59 billion, rising 66.55% in the last 24 hours. «Bitcoin continues to consolidate above $30,000 with a quick move towards $31,000 earlier today followed by a quick pullback. BTC is likely to make an attempt to reclaim the level again. Breaching key resistance at $32,400 will be the eventual target before a sustained rally is possible,» Vikram Subburaj, CEO of Giottus Crypto Platform, said. «Ether is currently facing resistance at the 20-day exponential moving average ($1,871) while the bulls are attempting to defend the 50-day simple moving average ($1,841). This struggle between buyers and sellers indicates a lack of clear momentum in the market,» said the ZebPay Trade desk.

Did you Know?

SAP has launched a new enterprise on the Metaverse with the aim of accelerating cloud adoption among Indian firms. The interactive and immersive ‘cloud on wheels’ platform will enable customers to experience the full range of SAP’s offerings and reimagine processes for improved business outcomes.

Other top crypto tokens were also trading higher on Monday. BNB, Polygon, Solana, and Litecoin surged up to 9%. The global cryptocurrency market cap was trading higher, around $1.19 trillion, rising 1.45% in the last 24 hours. The total volume in DeFi is currently 2.14 billion, 6.62% of the total crypto market 24-hour volume. The volume of all stablecoins is now $30.02 billion, which is 93.04% of the total crypto market 24-hour volume. The market cap of Bitcoin, the world's largest cryptocurrency, was around $593 billion.