Bitcoin Price Today: Crypto Price Today Live: Bitcoin Surpasses $29,000; Cardano and Polkadot jump up to 3%

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New Delhi: Cryptocurrency markets were trading mostly higher on Thursday. Bitcoin (BTC) rose 2.31% to hit $29,035, while Ethereum (ETH) was just below the $1,900 level. BTC volume in the past 24 hours was around $35.15 billion, up 84.70% in the past 24 hours.

“Concerns over First Republic Bank continued, pushing Bitcoin up to the $29,000 range. the losses suffered during this period. The support level for Bitcoin is currently at $28,000, with resistance at $29,400,” said Edul Patel, co-founder and CEO of Mudrex.

The global cryptocurrency market capitalization traded at around $1.20 trillion, up 1.18% in the past 24 hours.

Total DeFi volume is currently 5.20 billion, or 7.33% of the total 24-hour crypto market volume. The volume of all stablecoins is now $64.06 billion, or 90.27% of the total 24-hour crypto market volume.

The market capitalization of Bitcoin, the largest cryptocurrency in the world, was around $557 billion. Bitcoin dominance is currently at 46.80%, an increase of 0.38% on the day, according to CoinMarketCap.

“Bitcoin’s intra-day volatility indicates market manipulation on hourly timeframes. However, it continues to be limited on a daily basis, with $30,000 being the key breach resistance level,” said Vikram Subburaj, CEO of Giottos. Crypto Platform. Rajagopal Menon, Vice President of WazirX said, “Major oscillators in the market indicate neutral sentiment. The Relative Strength Index (14), one of the key indicators, sits at 54, with a neutral outlook. The Stochastic %K (14, 3, 3) and Average Directional Index (14) are at 39 and 27, respectively, further indicating a neutral market.”

“The MACD level (12, 26) at 117 indicates selling. The Rapid Stochastic RSI (3, 3, 14, 14) is at 34 with a neutral indicator, while the Williams Percent Range (14) at 51 signals neutral .” Menon added.

Crypto Cart: Quick Glance (Source: coinmarketcap.com, data as of 12:33 p.m., IST April 27, 2023)

Bitcoin: $29,035 | 2.31% Ethereum: $1,895 | 1.57% tether: $1.00 | 0.01% BNB: $331 | -1.89%XRP: $0.4609 | -1.78%Cardano: $0.4094 | 3.08% Dogecoin: $0.07957 | -0.66% Polygon: $0.996 | -0.26%Solana: $21.64 | -1.64%Peas: $5.90 | 2.36% Shiba Inu: $0.00001024 | -1.40% Litecoin: $88.77 | -2.05% Tron: $0.06547 | -0.94%

(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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