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The cryptocurrency market was trading mixed on Monday as Dogecoin, Ethereum and Cardano traded with gains, while Bitcoin, Solana and Litecoin traded with reductions.
Bitcoin fell 0.61% and held below $22,800, while Ethereum was comfortable above the $1,600 levels. BTC volume in the past 24 hours was around $23.78 billion, down 27.58% in the past 24 hours.
“The crypto market had an exciting weekend with BTC crossing the $23,000 mark for the first time in 5 months. Demand for BTC is primarily driven by institutional investors increasing their holdings in anticipation of the upcoming bull run. Bitcoin is up over 36% this month creating extremely bullish sentiment around the world’s largest digital asset. The upcoming Fed meeting next month could be the next turning point in the crypto market” , said Shivam Thakral, CEO of BuyUcoin.
The global cryptocurrency market capitalization traded at around $1.04 trillion, up 0.32% in the past 24 hours.
Total DeFi volume is currently $5.14 billion, or 9.88% of the total 24-hour crypto market volume. The volume of all stablecoins is now $45.82 billion, or 88.06% of the total 24-hour crypto market volume.
The market cap of Bitcoin, the world’s largest cryptocurrency, hovered around $438 billion, with a dominance of around 41.96%, down 0.37% on the day, according to CoinMarketCap.
“BTC broke above $22,900, recovering from a recent dip towards $20,000. However, BTC is currently trading at $22,722 with a slight decline. Support is now at $22,700 and resistance is at 22,900 If BTC can sustain its momentum, it could reach $23,000. The rising price suggests that the bulls are actively trying to drive an uptrend in the market,” said Edul Patel, CEO and co-founder of Mudrex. IST on January 23, 2023)
Bitcoin $22,740 -0.57%Ethereum $1,633 0.36%Tether $1 -0.01%USD Coin $0.999 -0.01%BNB $305.25 1.09%XRP $0.4069 0.12%Dogecoin $0.08994 5.2%Cardano $0.3719 1.06%Polygon $1 1.19%Polkadot $6.30 0.66%Tron $0.06183 0.69%Litecoin $88.16 0.76%Shiba Inu $0.00001209 0.18%Solana $24.57 -2.46%
(Note: price change in the last 24 hours)
(Disclaimer: The recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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Sources 2/ https://news.google.com/__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?oc=5 The mention sources can contact us to remove/changing this article |
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