Crypto Price Today: Bitcoin falls below $30,000; XRP, Solana shed up to 5%
Bitcoin (BTC) fell 1.1% to $29,820, whereas Ethereum (ETH) was below the 1,900 level. BTC volume stood at approximately $15.1 billion, rising 31.47% in the last 24 hours.
The global cryptocurrency market cap was trading lower, around $1.2 trillion, falling 0.91% in the last 24 hours.
“Bitcoin continued to trade below the US$30,000 mark for another consecutive day, influenced by various factors such as investors taking profits and the strengthening of the US dollar,” Edul Patel, Co-founder and CEO at Mudrex, said.
Currently, BTC faces immediate resistance at the US$30,000 level, while support can be found at the US$29,600 level, Edul added.The total volume in DeFi is currently $4.36 billion, 11.8% of the total crypto market 24-hour volume. The volume of all stablecoins is now $33.4 billion, which is 90.38% of the total crypto market 24-hour volume.
The market cap of Bitcoin, the world’s largest cryptocurrency, was around $579 billion. Bitcoin’s dominance is currently 48.26%, a decrease of 0.09% over the day, according to CoinMarketCap.”The likelihood of Bitcoin remaining bearish below $30,000 is high, with potential support at $28,900 if it breaks below $29,500. A bullish breakout could push it to $30,000 and even $30,500,” Sathvik Vishwanath, Co-Founder & CEO, Unocoin, said.
Rajagopal Menon, Vice President at WazirX, said, “Major market oscillators point to a Neutral sentiment. The Relative Strength Index (14) sits at 50, with a neutral outlook. The Stochastic %K (14, 3, 3) at 16 and the Average Directional Index (14) at 31 indicate a Neutral outlook.”
“The MACD Level (12, 26), at 189, indicates Sell. The Stochastic RSI Fast (3, 3, 14, 14) is Neutral at 4 and William’s Percentage too indicates a Buy sentiment at -83,” Menon added.
Crypto Cart: Quick Glance (Source: coinmarketcap.com, data as of 12.20 hours, IST on July 21, 2023)
Bitcoin $29,842 -0.95%
Ethereum $1,892 -0.70%
Tether $1 -0.02%
BNB $242 0.22%
XRP $0.7881 -4.53%
Cardano $0.3149 -3.53%
Dogecoin $0.07204 2.18%
Solana $25.31 5.54%
Polygon $0.7654 0.13%
Litecoin $92.44 -0.24%
Polkadot $5.50 4.31%
Tron $0.08083 -0.01%
Shiba Inu $0.000007784 0.14%
(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)
