crypto price today: Crypto Price Today: Bitcoin falls below $30k; Tron, Dogecoin shed up to 5%

Synopsis

Other top crypto tokens were also trading lower. Tron declined nearly 5%. Meanwhile, BNB, XRP, Litecoin, Dogecoin and Cardano also traded with cuts. The global cryptocurrency market cap was trading lower around $1.22 trillion, falling 1.22% in the last 24 hours.

crypto price today: Crypto Price Today: Bitcoin falls below $30k; Tron, Dogecoin shed up to 5%  0ETMarkets.com

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Explore NowNew Delhi: Most of the cryptocurrencies were trading in the red on Wednesday. Bitcoin (BTC) fell 0.21% to $29,928, whereas Ethereum (ETH) was below the $1,900 level. BTC volume stood at approximately $17.78 billion, falling 22.42% in the last 24 hours.

“Most cryptocurrencies witnessed a slight decline ahead of the US CPI data for March, which is set to be released today. Bitcoin was seen consolidating at the US$29,930 level after attempting a fresh increase and spiked above the US$30,450 resistance zone yesterday. The next support of BTC is near the US$29,400 level, and resistance is at US$30,250,” Edul Patel, Co-founder and CEO at Mudrex, said.

“On the other hand, the whole crypto industry is looking forward to the long-awaited Shanghai upgrade which is set to go live today, allowing phased staking withdrawals,” Patel added.

Other top crypto tokens were also trading lower. Tron declined nearly 5%. Meanwhile, BNB, XRP, Litecoin, Dogecoin and Cardano also traded with cuts. The global cryptocurrency market cap was trading lower around $1.22 trillion, falling 1.22% in the last 24 hours.

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View Details »The market cap of Bitcoin, the world’s largest cryptocurrency, was around $579 billion. Bitcoin’s dominance is currently 47.50%, gaining 0.51% over the day, according to CoinMarketCap.

From a technical analysis perspective, “the BTC/USD pair shows a clear bullish trend at the $30,000 milestone with potential resistance at $31,000 or even $32,250 if this level is breached,” Sathvik Vishwanath, Co-founder & CEO of Unocoin, said.

Rajagopal Menon, Vice President at WazirX said, “Major market oscillators point to a neutral sentiment. The Relative Strength Index (14) sits at 69, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) indicate a Neutral outlook as well at 90 and 37 respectively.”

“The MACD Level (12, 26), at 997, indicates Buy. The Stochastic RSI Fast (3, 3, 14, 14) continues to be Neutral at 93 and the William’s Percentage indicates Sell at −17,” Menon added.

Crypto Cart: Quick Glance (Source: coinmarketcap.com, data as of 11.27 hours, IST on April 12, 2023)

Bitcoin $29,928 -0.21%

Ethereum $1,866 -2.65%

Tether $1.00 0.01%

BNB $318 -2.54%

XRP $0.5076 -3.4%

Cardano $0.3934 -2.95%

Polygon $1.09 -3.07%

Dogecoin $0.08165 -3.33%

Solana $22.70 3.24%

Polkadot $6.25 -1.34%

Shiba Inu $0.0000108 -2.77%

Litecoin $91.66 -4.43%

Tron $0.06396 -4.81%

(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)

crypto price today: Crypto Price Today: Bitcoin falls below $30k; Tron, Dogecoin shed up to 5%  1crypto price today: Crypto Price Today: Bitcoin falls below $30k; Tron, Dogecoin shed up to 5%  2Wednesday, 12 Apr, 2023Experience Your Economic Times Newspaper, The Digital Way!Read Complete Print Edition »

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    Updated: 04/12/2023 — 03:00

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