Crypto Price Today on January 29: Bitcoin holds over $42,000; Avalanche, Internet Computer shed up to 3%
Cryptocurrency markets traded marginally lower on Monday, dragged by Bitcoin, Ethereum, Cardano, and Avalanche. However, over the weekend, Bitcoin surged over $42,000 level, and other altcoins also saw gains.
At 11.39 a.m., Bitcoin was trading 0.84% lower at $42,164, while Ethereum was down 1.05% at $2,266.
«Over the weekend, Bitcoin climbed back above $42,000, aligning with the performance of equities. A breach of the $42,800 resistance might set the stage for a move to the $43,500 level. The market could see renewed buyer interest if Bitcoin surpasses $44,700. Conversely, a failure to overcome resistance places support at $41,750,» said Edul Patel, CEO of Mudrex.
CoinDCX Research Team said, " Ethereum (ETH) closed on a bearish note and is still positioned below the 20EMA Daily. Currently, ETH is in the middle of its range, slightly above $2,275. Key support and resistance levels for ETH are at $2,175 and $2,388, respectively."
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View Details»Other popular altcoins, such as Avalanche, Cardano, Internet Computer, Shiba Inu, Polygon, and Dogecoin fell 1-3%.
The global cryptocurrency market cap fell 0.92% to around $1.62 trillion in the last 24 hours. However, the total trading volume increased more than 13% to $40.16 billion.
In the last 24 hours, the market cap of Bitcoin, the world's largest cryptocurrency, fell to $828 billion. Bitcoin's dominance is currently 50.89%, according to CoinMarketCap. BTC volume in the last 24 hours surged 14% to $15.4 billion.
Tech View by ZebPay Trade Desk
BTC has seen a gradual upward movement over the
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