Cryptocurrency Prices on August 27: Bitcoin falls below $63,000; Dogecoin, Chainlink drop up to 4%
Bitcoin (BTC), Ethereum (ETH), and Solana. The global cryptocurrency market cap decreased by 1.8%, settling around $2.2 trillion over the past 24 hours.
As of 12:45 pm IST, Bitcoin was down 1.4%, trading at $62,862, while Ethereum fell 2% to $2,686.
“Bitcoin consolidated around the $62,000 mark after some investors booked profits," said Edul Patel, CEO of Mudrex. «Currently, Bitcoin’s support level is at $61,400, with resistance at $63,400. Meanwhile, Ethereum is trading at around $2,600 and hasn't gained enough momentum for significant moves, suggesting it may continue to trade sideways for a few more days,» he added.
Vikram Subburaj, CEO of Giottus Crypto Platform, highlighted, «Bitcoin has slipped below its $63,500 support level and needs to hold its 200-day EMA at $62,269 to avoid further declines.»
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View Details»Other major cryptocurrencies also saw declines, including BNB (-1.8%), Solana (-0.9%), XRP (-0.9%), Dogecoin (-2.7%), Tron (-2.2%), Chainlink (-3.9%), Polkadot (-2.6%), and Toncoin (-4.11%).
The volume of all stablecoins is currently
