Crypto Price Today: Bitcoin trades near $43,000; Cardano, Polygon fall up to 4%
XRP, Dogecoin and Cardano were trading in the red, while BNB, Avalanche, Toncoin and Tron were in the green.
Meanwhile, the global cryptocurrency market cap fell 0.6% to around $1.6 trillion in the last 24 hours.
At 11:53 a.m., BTC was trading 0.25% higher at $42,976, while Ethereum was down 1.13% at $2,218.
The crypto market seems to have been range-bound with a downward bias in the last 24 hours. BTC underwent slight selling pressure after it crossed the $43k mark. However, on-chain data shows that Bitcoin mining hashrate has continued its uptrend and even reached a new all-time high. This translates into a positive sentiment building within the miners that can also trickle into price action, said CoinSwitch Markets Desk.
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View Details»CoinDCX Research Team, said, «From a technical perspective, BTC is consolidating between the key support at $40,600 and resistance at $43,400. Currently, it is holding slightly above $42,400 and is maintaining a position above the 20 EMA D, indicating a continued bullish sentiment unless a major reversal sign occurs.»
Popular altcoins, such as Cardano and Polygon, declined 3.4% and 4.4%, respectively. XRP, Solana, Dogecoin, Polkadot, Chainlink and Shiba Inu fell 1-3%.
The total volume in DeFi is currently $6.35 billion, 10.98% of the total crypto market 24-hour volume. The volume of all stablecoins is now $53.08 billion, which is 91.84% of the total crypto market 24-hour volume.
Bitcoin's dominance is currently 52.18%, according to CoinMarketCap. BTC volume in the last 24 hours fell 17.6% to $21.35
