Crypto Price Today: Bitcoin holds above $30,400; Polygon, Avalanche fall over 2%


Cryptocurrencies had a mixed trading day, with Bitcoin, XRP, and Polkadot gaining, while BNB, Polygon, and Solana experienced losses. Bitcoin remained above the $30,000 mark for the fifth consecutive day, despite facing resistance at the $31,000 level. The global cryptocurrency market cap slightly decreased to $1.18 trillion. Bitcoin’s dominance remained at 50.16%. Experts noted neutral sentiment in the market and suggested a potential minor price correction for Bitcoin. The Relative Strength Index and Stochastic %K indicators indicate a neutral market outlook.

Crypto Price Today: Bitcoin holds above $30,400; Polygon, Avalanche fall over 2%  0


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Explore NowThe cryptocurrency markets were trading mixed in Wednesday’s trade. Bitcoin, XRP, and Polkadot were trading with gains, while BNB, Polygon, and Solana were trading with cuts.

Bitcoin (BTC) rose 0.02% to $30,405, whereas Ethereum (ETH) was below the $1,900 level. BTC volume stood at approximately $16.68 billion, rising 9% in the last 24 hours.

“Most cryptocurrencies traded flat with minimal fluctuations, fueled by the positive sentiment surrounding the possibility of a Bitcoin ETF and encouraging economic indicators from the US Bitcoin, in particular, maintained its position above the US$30,000 threshold for the fifth consecutive day,” Edul Patel, Co-founder, and CEO at Mudrex, said.

“The bears seem to be active near the US$31,000 zone. BTC currently faces immediate resistance at the US$30,680 and US$30,950 levels, while the support level rests at US$30,000,” Edul added.

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View Details »The global cryptocurrency market cap was trading around $1.18 trillion, falling 0.03% in the last 24 hours.

The total volume in DeFi is currently $2.14 billion, 6% of the total crypto market 24-hour volume. The volume of all stablecoins is now $33.22 billion, which is 92% of the total crypto market 24-hour volume.

The market cap of Bitcoin, the world’s largest cryptocurrency, was around $590 billion. Bitcoin’s dominance is currently 50.16%, an increase of 0.16% over the day, according to CoinMarketCap.

“Bitcoin faces significant resistance around the $31,000 level on the daily chart. Neutral candles such as dojis and spinners indicate waning bullish sentiment and potential exhaustion among buyers, suggesting a minor price correction. Immediate support is located near $29,600, followed by $28,250 and $26,750,” Sathvik Vishwanath, Co-Founder & CEO of Unocoin, said.

Rajagopal Menon, Vice President at WazirX, said, “Major market oscillators point toward a Neutral sentiment. The Relative Strength Index (14), one of the key indicators, sits at 68, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) is at 85 and 35, respectively, further indicating a Neutral market.

“The MACD Level (12, 26) at -477 indicates a Sell. The Stochastic RSI Fast (3, 3, 14, 14) is at 22 with a Neutral indicator, while the Williams Percent Range (14) at −72 signals Neutral,” Menon added.

Crypto Cart: Quick Glance (Source:, data as of 11.55 hours, IST on June 28, 2023)

Bitcoin $30,405 0.30%
Ethereum $1,862 -0.22%
Tether $0.9998 0.01%
BNB $235 -0.77%
XRP $0.4804 -0.21%
Cardano $0.279 -0.34%
Dogecoin $0.06501 0.07%
Polygon $0.6389 -2.16%
Solana $16.13 -1.76%
Litecoin $86.8 -1.09%
Polkadot $5.07 0.12%
Tron $0.07427 -0.10%
Avalanche $12.95 -2.03%
Shiba Inu $0.000007434 -1.76%

(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)


Updated: 06/28/2023 — 05:00

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