“Bitcoin traded close to the US$27,000 level as the market awaits the release of the US non-farm payroll data today. The immediate support level for BTC is now at US$26,500, while resistance is at US$27,200,” Edul Patel, Co-founder and CEO at Mudrex, said.
Other top crypto tokens were also trading higher. Litecoin and Tron surged by over 2%. Meanwhile, BNB, XRP, Cardano, Polygon and Polkadot also traded with gains. The global cryptocurrency market cap was trading higher around $1.14 trillion, rising 1.17% in the last 24 hours.
The market cap of Bitcoin, the world’s largest cryptocurrency, was around $525 billion. Bitcoin’s dominance is currently 46%, a decrease of 0.07% over the day, according to CoinMarketCap.
The total volume in DeFi is currently $2.15 billion, 7.18% of the total crypto market 24-hour volume. The volume of all stablecoins is now $27.55 billion, which is 91.94% of the total crypto market 24-hour volume.
Rajagopal Menon, Vice President at WazirX said, “Major market oscillators point toward a Neutral sentiment. The Relative Strength Index (14), one of the key indicators, sits at 46, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) is at 44 and 20, respectively, further indicating a Neutral market.”
“The MACD Level (12, 26) at -166 indicates a Buy. The Stochastic RSI Fast (3, 3, 14, 14) is at 43 with a Neutral indicator, while the Williams Percent Range (14) at −58 signals Neutral” Menon added.
Crypto Cart: Quick Glance
Bitcoin $27,098 1.02%
Ethereum $1,887 1.78%
Tether $1.00 0.02%
BNB $307 1.10%
XRP $0.516 2.02%
Cardano $0.3723 2.27%
Dogecoin $0.07211 0.79%
Polygon $0.903 1.47%
Solana $21.01 1.89%
Litecoin $94.65 2.42%
Polkadot $5.27 0.79%
Tron $0.07621 2.51%
Shiba Inu $0.0000085 0.26%
(Note: Price change in last 24 hours)
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
