Crypto Price Today Live: Bitcoin Falls Below $30,000; BNB and Solana rise up to 5%

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New Delhi: Cryptocurrency markets were trading mixed on Monday. Bitcoin, XRP and Cardano traded with reductions, while BNB, Solana and Litecoin recorded gains.

Bitcoin (BTC) fell 1.12% to $29,996, while Ethereum (ETH) was above the $2,100 level. BTC volume in the past 24 hours was around $14.78 billion, up 29.22% in the past 24 hours.

“Over the weekend, Bitcoin maintained its consolidation around the US$30,000 level after hitting a high of US$31,005 on Friday, its highest level since June 2022. In contrast, Ethereum, the second-largest cryptocurrency, hit a new 11-month high of US$2,141 over the weekend, sparking renewed excitement among investors following the successful upgrade from Shanghai,” said Edul Patel, co -founder and CEO of Mudrex.

ETH is currently trading at US$2,101, which is a 134% increase since its cycle low in June 2022. The market as a whole appears to be bullish, Edul added.

Total DeFi volume is currently 4.11 billion, or 10.03% of the total 24-hour crypto market volume. The volume of all stablecoins is now $36.26 billion, or 88.43% of the total 24-hour crypto market volume. of Bitcoin, the world’s largest cryptocurrency, was around $580 billion. Bitcoin dominance is currently at 45.72%, down 0.37% on the day, according to CoinMarketCap. “Bitcoin is trading sideways between $30,000 and $30,500, while a bullish move above $30,500 could lead to another resistance zone at $30,700 or $31,000. A yearly high of $2,123 after successful upgrades, the increase in stakes suggests a positive sign for the future,” said Sathvik Vishwanath, Co-Founder and CEO of Unocoin. Rajagopal Menon, Vice President of WazirX, said: “Major market oscillators indicate neutral sentiment. The Relative Strength Index (14) sits at 64, with a neutral outlook. The Stochastic %K (14, 3, 3) indicates a sell at 77 and the Mid Directional Index (14) indicates a neutral outlook at 42.

“The MACD level (12, 26), at 1039, indicates a buy. The Rapid Stochastic RSI (3, 3, 14, 14) indicates a sell at 67 and the William percentage is also a sell at 33,” added Menon.

Crypto Cart: Quick Glance (Source: coinmarketcap.com, data as of 11:27 am, IST April 17, 2023)

Bitcoin $29,996 -1.12% Ethereum $2,100 0.09% Tether $1.00 -0.01% BNB $347 4.02% 1.69% Litecoin $99.16 2.99% Tron 0, $06652 0.53%

(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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