Crypto Price Today Live: Bitcoin below $24,100; Solana, Polygon shed over 6%
The cryptocurrency markets were trading in the red on Wednesday, ahead of the release of the FOMC minutes later in the day.
Bitcoin (BTC) fell 3.23% to $24,077, whereas Ethereum (ETH) was just below the $1,650 level.
BTC volume in the last 24 hours stood at approximately $32.44 billion, rising 17.9% in the last 24 hours.
Bitcoin is trading sideways between $24,300 and $23,900 as investors await the release of FOMC meeting minutes. The current support level for Bitcoin is $23,750, with the next support level at $22,850 determined by the 50% Fibonacci retracement mark,” Sathvik Vishwanath, Co-Founder & CEO of Unocoin, said.
The global cryptocurrency market cap was trading higher, around $1.10 trillion, falling 2.8% in the last 24 hours.
The total volume in DeFi is currently $9.42 billion, 13.81% of the total crypto market 24-hour volume.
The volume of all stablecoins is now $60.40 billion, which is 88.54% of the total crypto market 24-hour volume.
The market cap of Bitcoin, the world’s largest cryptocurrency, was around $465.38 billion.
Bitcoin’s dominance is currently 42.47%, a decrease of 0.07% over the day, according to CoinMarketCap.
Major market indicators continue to point to a neutral sentiment.
The Relative Strength Index (14), one of the key indicators, sits at 59.27, with a neutral outlook.
The Stochastic %K (14, 3, 3) and the Average Directional Index (14) is at 79.93 and 38.58, respectively, further indicating a neutral market,” Rajagopal Menon, VP at WazirX, said.
The MACD Level (12, 26), at 715.75, indicates a Buy. The Stochastic RSI Fast (3, 3, 14, 14) is at 73.43 with a Neutral indicator, while the Williams Percent Range (14) at −27.97 also signals Neutral,” Menon added.
Bitcoin $ 24,077 -3.23%
Ethereum $1,643 -3.22%
Tether $1 0.01%
BNB $307.71 -2.30%
XRP $0.3887 -1.81%
Dogecoin $0.08461 -3.60%
Cardano $0.3887 -3.70%
Polkadot $7.15 -3.76%
Tron $0.06919 -3.37%
Litecoin $94.66 -1.42%
Shiba Inu $0.00001286 -4.51%
Solana $24.16 -6.34%
By:ET