Crypto Price Today Live: Bitcoin rises above $27,500; Shiba Inu, Polygon shed up to 5%

New Delhi: The cryptocurrency markets were mixed on Monday. Bitcoin, Solana and bnb won, while Ethereum, Polygon and Shiba Inu were trading cuts.

“BTC briefly topped $28,000 on Monday as the collapse of US banks like SVB and Signature has reignited the debate about the importance of DeFi and digital assets. Bitcoin is about to test $30,000 very soon, but it may find some resistance at that level. The FOMC meeting this week will be a major driver of market movement," said Shivam Thakral, CEO of BuyUcoin.

Edul Patel, co-founder and CEO of Mudrex, said: "With instability in the banking sector, inflation data that beat expectations, and renewed optimism about a dovish Federal Reserve, Bitcoin has reached levels not seen in about nine months." .

Bitcoin (BTC) rose 1.10% to $27,519, while Ethereum (ETH) broke above the $1,750 level. The global cryptocurrency market capitalization was trading at around $1.16 trillion, up 0.13% in the last 24 hours.

The total volume in DeFi is currently 6.67 billion, 9.30% of the total 24-hour volume of the crypto market. Volume across all stablecoins stood at $61.89 billion, representing 86.26% of the total 24-hour volume of the crypto market.

BTC volume in the last 24 hours stood at approximately $41.76 billion, up 29.55%. Bitcoin's market capitalization was around $531.77 billion. Its dominance is currently 45.90%, up 0.48% over the day, according to CoinMarketCap.

“BTC/USD pair is bullish facing resistance at $27,740; a breakout could drive the price of BTC to $29,000 or $30,700,” said Sathvik Vishwanath, co-founder and CEO of Unocoin. Crypto Cart: Quick Glance (Source: coinmarketcap.comdata as of 11:03 a.m. IST March 20, 2023)

Bitcoin $27,519 1.10%
Ethereum $1,761 -1.37%
Mooring $1 0.08%
BNB $335.78 0.16%
XRP $0.3833 0.70%
Cardano $0.3404 -0.52%
Polygon $1.14 -4.87%
dogecoin $0.07393 -1.24%
Solana $22.41 2.32%
Polka dots $6.34 -1.79%
Tron $0.06652 0.11%
Shiba Inu $0.00001072 -2.07%
Litecoin $82.16 -1.97%

(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)

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