Bitcoin (BTC) fell 1.39% to $26,851, while Ethereum (ETH) was just above the $1,800 level. BTC volume in the last 24 hours stood at approximately $12.14 billion, falling 2.93% in the last 24 hours.
โBitcoin traded unchanged over the past 24 hours as investors may be closely monitoring the attention on the debt ceiling negotiations in Washington. BTC has been seen changing hands between the $26,800 and US$27,400", Edul Patel, co-founder and CEO of Mudrex. , saying.
Total volume in DeFi is currently 2.11 billion, or 7.45% of the total 24-hour volume of the crypto market. Volume across all stablecoins stood at $25.79 billion, representing 91.17% of the total 24-hour volume of the crypto market.
The global cryptocurrency market capitalization was trading lower around $1.12 trillion, falling 0.84% โโover the past 24 hours.
The market capitalization of Bitcoin, the world's largest cryptocurrency, was around $520 billion. Bitcoin dominance is currently at 46.35%, down 0.27% over the day, according to CoinMarketCap.
"Bitcoin, currently priced between $26,950 and $27,095, faced pressure on Tuesday amid mixed market sentiment. The $26,800 support level, previously resistance, now acts as a potential turning point," he said. Sathvik Vishwanath, Co-Founder and CEO of Unocoin. Technical indicators like the RSI and MACD indicate a favorable buy zone. If Bitcoin sustains above $26,800, a bullish bounce to $27,800 or $27,500 is likely. However, the 50-day EMA around $27,500 acts as a major barrier, indicating prevailing bearish sentiment in the market. market," added Sathvik.
Crypto Cart: Fast Look (Fountain: coinmarketcap.comdata as of 1333 IST 17 May 2023)
Bitcoin $26,851 -1.39%
Ethereum $1,805 -0.89%
Mooring $1.00 -0.02%
BNB $309 -1.12%
XRP $0.4484 5.36%
Cardano $0.3666 -0.54%
Dogecoin $0.07258 0.48%
Polygon $0.8509 -1.48%
Solana $20.54 -2.30%
Litecoin $91.37 2.98%
Polka dots $5.28 -0.29%
Tron $0.0707 0.16%
Shiba Inu $0.000008694 -1.41%
(Note: price change in the last 24 hours)
(Disclaimer: The recommendations, suggestions, views and opinions given by the experts are my own. These do not represent the views of The Economic Times)
