Crypto Price Today Live: Bitcoin holds above $28,000; Solana, Dogecoin slip up to 3%

New Del­hi: The cryp­tocur­ren­cy mar­kets were trad­ing mixed on Fri­day. Bit­coin, Doge­coin and Solana were trad­ing with cuts, while BNB, XRP and Tron were trad­ing with gains.

Bit­coin (BTC) fell 1.91% to $28,074, where­as Ethereum (ETH) was above the $1,800 lev­el. BTC vol­ume stood at approx­i­mate­ly $19.14 bil­lion, falling 17.89% in the last 24 hours.

“Bit­coin was seen con­sol­i­dat­ing above the US$28,000 piv­ot lev­el in the past 24 hours fol­low­ing a recent surge above the US$29,000 lev­el. This con­sol­i­da­tion could be due to the antic­i­pa­tion of the upcom­ing US GDP report,” Edul Patel, Co-founder and CEO at Mudrex, said.

“There is a key bull­ish trend line form­ing with sup­port near US$27,900. BTC’s imme­di­ate resis­tance now lies at the US$28,500 lev­el and then US$ 28,850 zone. How­ev­er, BTC has not yet acquired enough strength to make a sharp move but the key uptrend sup­port remains intact,” Edul added.

The total vol­ume in DeFi is cur­rent­ly 4.44 bil­lion, 10.21% of the total cryp­to mar­ket 24-hour vol­ume. The vol­ume of all sta­ble­coins is now $38.58 bil­lion, which is 88.73% of the total cryp­to mar­ket 24-hour volume.

The glob­al cryp­tocur­ren­cy mar­ket cap was trad­ing low­er around $1.18 tril­lion, falling 0.87% in the last 24 hours.

The mar­ket cap of Bit­coin, the world’s largest cryp­tocur­ren­cy, was around $543 bil­lion. Bitcoin’s dom­i­nance is cur­rent­ly 46.17%, a decrease of 0.47% over the day, accord­ing to CoinMarketCap.“The cur­rent tech­ni­cal out­look remains rel­a­tive­ly sta­ble, hov­er­ing around the $27,900 price lev­el. A break of the resis­tance at $28,950 could lead to a poten­tial ral­ly for Bit­coin to $29,200 or even $30,700, while strong sup­port lev­els are expect­ed around $26,600 and $25,200 if the down­trend con­tin­ues,” Sathvik Vish­wanath, Co-Founder & CEO of Uno­coin, said.

Rajagopal Menon, Vice Pres­i­dent at WazirX said, “Major mar­ket oscil­la­tors point to a neu­tral sen­ti­ment. The Rel­a­tive Strength Index (14) sits at 62.71, with a neu­tral out­look. The Sto­chas­tic %K (14, 3, 3) and the Aver­age Direc­tion­al Index (14) indi­cate a Neu­tral out­look as well at 69.33 and 38.60 respectively.

“The MACD Lev­el (12, 26), at 1198.04, indi­cates Sell. The Sto­chas­tic RSI Fast (3, 3, 14, 14) and the Williams Per­cent Range (14) con­tin­ue to be Neu­tral at 30.11 and −41.78, respec­tive­ly,” Menon added.

Cryp­to Cart: Quick Glance (Source: coinmarketcap.com, data as of 12.28 hours, IST on March 31, 2023)

Bit­coin $28,074 ‑1.91%

Ethereum $1,801 0.13%

Teth­er $1.00 0.04%

BNB $316.48 1.19%

XRP $0.5442 1.34%

Car­dano $0.3788 0.45%

Poly­gon $1.09 ‑1.90%

Doge­coin $0.07465 ‑0.82%

Solana $20.40 ‑2.62%

Polka­dot $6.22 0.79%

Tron $0.06513 1.29%

Shi­ba Inu $0.00001062 0.01%

Lite­coin $89.30 ‑1.12%

(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)