Crypto Price Today: Bitcoin holds above $27,000; BNB, Litecoin down 5%

He cryptocurrency markets were trading in the red on Tuesday. Bitcoin (BTC) fell 2.66% to $27,048, while Ethereum (ETH) was below the $1,750 level.

BTC volume in the last 24 hours stood at approximately $18.55 billion, up 26.88%.

“The crypto market is feeling the pressure from the CFTC action against Binance, as the BTC price has fallen around the $27,000 level, which is a drop of almost 3% in the last 24 hours. We can expect that the market will remain choppy in the coming weeks due to the latest developments," said Shivam Thakral, CEO of BuyUcoin.

Other major crypto tokens were also trading lower. BNB declined more than 5%. dogecoin, Polygon and Litecoin were also trading with cuts. The global cryptocurrency market capitalization was trading lower around $1.13 trillion, falling 1.96% over the past 24 hours.

However, Ripple (XRP) rose more than 7%. “The silver lining last week came from the Ripple v/s SEC case, where Ripple defenders are showing confidence that courts will not declare XRP as a security. This resulted in a ~21% increase in XRP prices during the week". Part Chaturvedi, crypto ecosystem leader at CoinSwitch, said.

The total volume in DeFi is currently 3.82 billion, 8.80% of the total 24-hour volume of the crypto market. The volume of all stablecoins is now at $39.06 billion, which is 90.05% of the total 24-hour volume of the crypto market.

The market capitalization of Bitcoin, the world's largest cryptocurrency, was around $523.24 billion. Bitcoin dominance stood at 46.10%, down 0.32% on the day, according to CoinMarketCap. “Bitcoin is currently trading around $27,000 and there is a chance it could drop as low as $25,200. If this happens, there could be a further drop to $22,609, and if this level is broken, it could send Bitcoin back up. to be below $20,000. However, if the bulls remain strong, a move to $30,000 is also expected," said Sathvik Vishwanath, co-founder and CEO of Unocoin. .

Crypto Cart: Fast Look (Fountain: coinmarketcap.comdata at 12:29 p.m. IS on March 28, 2023)

Bitcoin $27,048 -2.66%

Ethereum $1,732 -1.26%

Mooring $0.9998 -0.04%

BNB $310.74 -5.08%

XRP $0.489 7.27%

Cardano $0.3515 0.65%

Polygon $1.05 -2.65%

Dogecoin $0.0729 -0.75%

Solana $20.03 -2.65%

Polka dots $5.90 -1.19%

Tron $0.06408 0.15%

Shiba Inu $0.00001039 -1.17%

Bitcoin $87.52 -4.36%

(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)