Crypto Price Today: Crypto Price Today: Bitcoin Surpasses $31,000, Market Cap Surpasses $600 Billion

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The cryptocurrency market was trading on a mixed note on Tuesday. Bitcoin, Ethereum, XRP and Cardano were trading with gains, while BNB, Litecoin, Polkadot and Solana saw declines.

Bitcoin (BTC) rose 1.17% to hit $31,021, while Ethereum (ETH) was below the $1,950 level. BTC volume in the past 24 hours was around $16.17 billion, up 47.24% in the past 24 hours.

“The crypto market has seen a remarkable increase in the last 24 hours, with a total volume of $37.82 billion, marking an impressive increase of 25.34%. Notably, the DeFi sector contributed 2. $94 billion, or 7.78% of the overall market volume,” Shivam said. Thakral, CEO of BuyUcoin, said.

“In addition to the excitement, Bitcoin broke above the $31,000 mark, driven by euphoria surrounding demand for a Bitcoin ETF. This achievement further fuels optimism and interest in the crypto market. currency,” he added.

The global cryptocurrency market capitalization traded around $1.22 trillion, up 0.97% in the past 24 hours. The market capitalization of Bitcoin, the largest cryptocurrency in the world, was around $602 billion. Bitcoin dominance is currently at 49.56%, an increase of 0.18% over the day, according to CoinMarketCap. The question now is when instead of “if” BTC will break through the psychological resistance of $31.5,000 and mark a 14-month high again,” said Shubham Hudda, Senior Director at CoinSwitch. Vikram Subburaj, CEO of Giottos Crypto Platform, said, “Bitcoin needs to break its resistance at $32,400 to profit from this short-term rally. A rally towards $35,000 may also represent a local top. BTC dominance consolidates above 51% and may break out higher after that. phase.

Crypto Cart: Quick Glance (Source: coinmarketcap.com, data as of 11:54 am, IST July 4, 2023)

Bitcoin $31,021 1.17% Ethereum $1,955 0.55% Tether $1 0.01% BNB $245 -0.42% XRP $0.4883 1.49% Cardano $0.2967 1.45% Dogecoin $0.06854 0.80% Polygon $0.7086 -3.17% Solana $19.20 -0.98%Litecoin $107.8 -3.78%Polkadot $5.46 -0.63%Tron $0.07747 1.12%Avalanche $13.28 0, 36%Shiba Inu $0.00000776 1.14%

(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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