Bitcoin Price today: Crypto Price Today Live: Bitcoin below $24,100; Solana, Polygon shed over 6%

Synopsis

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.

Bitcoin Price today: Crypto Price Today Live: Bitcoin below $24,100; Solana, Polygon shed over 6%  0

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Explore NowNew Delhi: 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.

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View Details »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.

Crypto Cart: Quick Glance (Source: coinmarketcap.com, data as of 10.15 hours, IST on February 22, 2023)
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%
Polygon $1.36 -6.84%
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%

(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)

Bitcoin Price today: Crypto Price Today Live: Bitcoin below $24,100; Solana, Polygon shed over 6%  1Bitcoin Price today: Crypto Price Today Live: Bitcoin below $24,100; Solana, Polygon shed over 6%  2Wednesday, 22 Feb, 2023Experience Your Economic Times Newspaper, The Digital Way!Read Complete Print Edition »

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    Updated: 02/22/2023 — 04:00

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