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