Crypto Price Today: Bitcoin slips below $26,800; Cardano, XRP fall up to 3%

economictimes.indiatimes.com:

cryptocurrency markets were majorly trading lower in Thursday's trade amid concerns over the US debt ceiling. Bitcoin (BTC) declined 1.40% to $26,790, whereas Ethereum (ETH) was just above the $1,850 level. BTC volume stood at approximately $15.19 billion, falling 2.45% in the last 24 hours. «Bitcoin was under some selling pressure as the debt ceiling bill goes to the Senate for voting while rapidly changing economic conditions are pushing the investors away from riskier assets. The crypto market is expected to remain choppy in the coming weeks as the world is closely watching the decision on the US debt ceiling bill,» Shivam Thakral, CEO of BuyUcoin, said. The total volume in DeFi is currently at $2.57 billion, 8.06% of the total crypto market 24-hour volume. The volume of all stablecoins is now $29.54 billion, which is 92.78% of the total crypto market 24-hour volume.

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The global cryptocurrency market cap was trading lower around $1.13 trillion, falling 0.79% in the last 24 hours. The market cap of Bitcoin, the world's largest cryptocurrency, was around $519 billion. Bitcoin’s dominance is currently 46.05%, a decrease of 0.23% over the day, according to CoinMarketCap. «Bitcoin is currently trading at around $26,718 and could potentially fall as low as $25,800 if it breaks the $26,100 level. Conversely, if the $27,800 resistance level is broken, Bitcoin could rise to around $28,477. Based on technical