Crypto Price Today Live: Bitcoin crosses $25K; Ethereum XRP rise up to 2%

New Delhi: Ahead of the release of the FOMC minutes on Wednesday, the cryptocurrency market was trading higher on Tuesday. Ethereum (ETH) rose over 0.62% to $1,700, whereas Bitcoin (BTC) was above the $25,000 level. BTC volume in the last 24 hours stood at approximately $27.52 billion, falling 4.37% in the last 24 hours.

“The release of the FOMC minutes on Wednesday could affect the price of Bitcoin, as any hint of a shift in US monetary policy can affect financial markets. Bitcoin is currently trading in a range of $23,700 to $25,200 with another resistance level at $25,200. Technical indicators such as RSI and MACD are showing divergence, indicating uncertainty among investors. If the price breaks below the $23,750 support level, the next support level is $22,850,” Sathvik Vishwanath, Co-Founder & CEO of Unocoin said.

The global cryptocurrency market cap was trading higher around $1.13 trillion, rising 1.09% in the last 24 hours.

The total volume in DeFi is currently $7.57 billion, 12.20% of the total crypto market 24-hour volume. The volume of all stablecoins is now $55.01 billion, which is 88.73% of the total crypto market 24-hour volume.

The market cap of Bitcoin, the world’s largest cryptocurrency, was around $481 billion, with a dominance of about 42.56%, an increase of 0.30% over the day, according to CoinMarketCap.

“Major market indicators continue to point to a neutral sentiment. The Relative Strength Index (14), one of the key indicators, sits at 66.86, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) is at 86.21 and 38.88, respectively, further indicating a neutral market,” Rajagopal Menon, VP at WazirX said.

“The MACD Level (12, 26), at 787.32, indicates a Buy. The Stochastic RSI Fast (3, 3, 14, 14) is at 86.04 with a Neutral indicator, while the Williams Percent Range (14) at -5.34 also signals Neutral,” Menon added.Crypto Cart: Quick Glance (Source: coinmarketcap.com, data as of 11.25 hours, IST on February 21, 2023)

Bitcoin $ 24,955 1.91%
Ethereum $1,700 0.70%
Tether $1 -0.01%
BNB $315.21 -0.32%
XRP $0.3982 1.75%
Dogecoin $0.08793 0.21%
Cardano $0.4023 -0.22%
Polygon $1.47 -1.45%
Polkadot $7.46 -0.05%
Tron $0.07179 0.95%
Litecoin $95.60 -2.57%
Shiba Inu $0.00001352 0.52%
Solana $25,88 -2.33%

(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)