Crypto Price Today: Bitcoin surges above $27,600; Toncoin, Polygon shed up to 3%
Toncoin, Polygon, and Dogecoin were trading with cuts.
Bitcoin was up 0.65% at $27,624 as of 12:47 p.m., while Ethereum was below the $1,650 level.
«Bitcoin has been trading around the $27,700 level, possibly because of traditional markets calming down following a cooling US labor market,» Edul Patel, CEO of Mudrex, said.
Ahead of the official US Non-farm payroll data this Friday, September's US Private Payroll data indicated a rise of 89,000 jobs instead of the projected 153,000 jobs.
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View Details»In Thursday's trade, the global cryptocurrency market cap surged 0.35% to around $1.09 trillion in the last 24 hours.
The total volume in DeFi is currently $2.56 billion, 10.62% of the total crypto market 24-hour volume. The volume of all stablecoins is now $22.43 billion, which is 93.07% of the total crypto market 24-hour volume.
Bitcoin's dominance is currently 49.68%, according to CoinMarketCap. Meanwhile, BTC volume stood at approximately $10.47 billion, falling 7.9% in the last 24 hours.
«Bitcoin is up 5% weekly and continues to consolidate above $27,500. As US treasury yields stay up, there is additional pressure on riskier assets including stock indices and crypto. Meanwhile, DXY, the dollar index, has retraced back below 107 giving hope for a short-term boost to crypto,» Vikram Subburaj, CEO of Giottus Crypto Platform, said.
Tech View by Rajagopal Menon, Vice President, WazirX
BTC's Exponential Moving
