Crypto Price Today: Bitcoin trades above $45,200; Solana, Avalanche shed up to 4%
cryptocurrency market cap declined 0.43% to around $1.74 trillion in the last 24 hours.
At 11:17 a.m., BTC was trading 0.07% lower at $45,237, while Ethereum was down 0.12% at $2,377.
«BTC saw its highest level in 21 months as Bitcoin started the new year by breaking out of its consolidation zone and moving past the resistance at 45k USD as the market potential sees a Bitcoin ETF approval in the first week of January,» said Coinswitch markets desk.
Edul Patel, CEO of Mudrex, said, «BTC's resistance is now identified at the US$46,100 level, while support holds steady at US$44,800. In tandem, Ethereum mirrors Bitcoin's trajectory, presently trading at US$2,300. To sustain momentum, Ethereum must breach the US$2,500 barrier for further gains.»
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View Details»Other popular altcoins, such as Solana and Avalanche, fell 3.5% and 4%, respectively. BNB, Cardano, Dogecoin, Polkadot, Polygon, Chainlink, Toncoin, and Shiba Inu declined 1-3%.
The total volume in DeFi is currently $6.98 billion, 9.69% of the total crypto market 24-hour volume. The volume of all stablecoins is now $63.22 billion, which is 87.8% of the total crypto market 24-hour volume.
Bitcoin's dominance is currently 51.04%, according to CoinMarketCap. BTC volume in the last 24 hours rose 17.7% to $31.6 billion.
Tech View by Rajagopal Menon, Vice President, WazirX
BTC's Exponential Moving Average for a 10-day EMA indicates “Buy” at 43665, and a 200-day EMA indicates “Buy” at 33743. The Simple Moving Average for a 10-day SMA indicates “Buy” at 43313, and a 200-day SMA indicates “Buy”
