Crypto Price Today: Bitcoin trades near $100K, Altcoins see mixed reactions
Bitcoin continued its steady climb on Monday, trading just below the $100,000 mark. This key level has been a challenge for Bitcoin to cross over the past two weeks, keeping traders focused on its next move.
At 10:50 am IST, Bitcoin was trading at $99,487, up 1.2%, with an intraday high of $99,560. Meanwhile, Ethereum rose by 1%, trading at $3,671.
Other major altcoins showed mixed performance. Solana, Dogecoin, Sui, Hedera, and Tron were down by up to 1%, while XRP, Cardano, Avalanche, Chainlink, and Polkadot were trading higher. The global crypto market cap increased by 0.53%, reaching $3.52 trillion.
«Bitcoin is trading close to $99,000, maintaining its upward momentum. For Bitcoin to break past the $100,000 milestone, it must overcome resistance at $99,400, while support stands at the $96,000 mark,» said Edul Patel, CEO of Mudrex.
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View Details»Vikram Subburaj, CEO of Giottus, said, «Bitcoin is moving towards $100,000 after a week of strong consolidation. A short squeeze above $101,000 is likely this week bringing back bullish momentum.»
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