Crypto Price Today: Bitcoin trades below $26,200; Toncoin, XRP shed up to 3%
Meanwhile, the global cryptocurrency market cap was trading lower, around $1.04 trillion, falling 1.16% in the last 24 hours.
«The markets remained calm over the weekend with BTC failing to retain the $27,000 level. The rising crude oil process and geopolitical uncertainty may restrict the crypto market momentum in the coming weeks,» Atulya Bhat, CMO of BuyUcoin, said.
Meanwhile, Edul Patel, CEO & Co-founder of Mudrex, said, «Bitcoin is currently trading above $26000. The bulls have been working hard to counter the bearish signals in the market. Bitcoin currently faces resistance at the $27,500 mark. However, the price could decline below the current level and there are chances that BTC might revisit the $25,400 support zone.»
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Other top crypto tokens were also trading lower. XRP and Toncoin declined up to 3%, while Dogecoin, Ethereum, BNB, and Solana fell by up to 1%.
The market cap of Bitcoin, the world's largest cryptocurrency, was around $509 billion. Bitcoin's dominance is currently 48.94%, according to CoinMarketCap.
Meanwhile, BTC volume stood at approximately $10.53 billion, rising 60.47% in the last 24 hours.
Tech view by Sathvik Vishwanath, Co-Founder & CEO, Unocoin
Support for Bitcoin is at $26,350 and fundamental at $26,200. A break of $26,200 could intensify the bearish momentum towards the $25,400 support.
The ETH/USD trading pair is showing considerable volatility, hitting
