Crypto price today: Bitcoin trades below $84,000; altcoins see mixed action
Bitcoin (BTC) and major cryptocurrencies showed mixed trends on Monday, 17th March, as the market remained cautious ahead of key economic events. While Bitcoin, Ethereum, XRP, Solana, Dogecoin, and Cardano declined up to 4.5%, BNB, Toncoin, Hedera, Litecoin, Polkadot, and Shiba Inu posted gains of up to 5%.
As of 10:53 am IST, Bitcoin was down 0.7% at $83,698, while Ethereum slipped nearly 1% to $1,907. The global cryptocurrency market cap dropped 0.78% to approximately $2.74 trillion over the past 24 hours.
«Bitcoin continues to trade in a tight range as it approaches the $85,000 resistance level. Ethereum is following a similar trend, moving between $1,930 and $1,860, reflecting market uncertainty ahead of the Fed meeting. The RSI is hovering just above the midpoint, signaling a lack of strong momentum in either direction,» said Alankar Saxena, CTO and Co-founder of Mudrex.
«Currently at $83,200, BTC could see an upward push toward $90,000 if it breaks past $85,000 resistance, while support is at $81,200,» he added.
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Read on economictimes.indiatimes.com