Crypto Price Today: Bitcoin surges above $26,600; Ethereum holds $1,600 level
BNB, Solana and Litecoin were trading with gains, while XRP, Dogecoin, Toncoin and Shiba Inu were trading with cuts.
Bitcoin (BTC) rose 0.55% to $26,678, whereas Ethereum (ETH) was above the 1,600 level. Meanwhile, the global cryptocurrency market cap was trading higher, around $1.06 trillion, rising 0.29% in the last 24 hours.
«The weekend witnessed Bitcoin trading above the $26,000 level, possibly driven by a noteworthy collaboration between Deutsche Bank, Germany's leading bank, and Taurus, a Swiss cryptocurrency startup specializing in secure asset management and tokenization services,» Edul Patel- CEO & Co-founder of Mudrex, said.
«Investors are awaiting the Federal Open Market Committee meeting scheduled for September 20, which may influence market dynamics. Bitcoin's next challenge is to surpass the $27,400 resistance level to maintain its upward momentum,» Edul said.
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View Details»The total volume in DeFi is currently $2.14 billion, 11.27% of the total crypto market 24-hour volume. The volume of all stablecoins is now $16.79 billion, which is 88.6% of the total crypto market 24-hour volume.
Bitcoin's dominance is currently 49.04%, according to CoinMarketCap. Meanwhile, BTC volume stood at approximately $7.6 billion, rising 14.17% in the last 24 hours.
«After three consecutive weeks of Doji candlestick patterns on the weekly Bitcoin chart, this week's positive close suggests a shift in favour of the bulls.
