Synopsis
“Bitcoin is trading within a tight range of $60,000 to $61,000 as investors await further geopolitical clarity. BTC’s support level remains at $60,000 and resistance at $61,500. With Blackrock’s report stating that Bitcoin’s volatility has significantly decreased and will continue to do so over time, investor’s confidence in BTC remains strong,” said Edul Patel, CEO Of Mudrex.
Major crypto tokens displayed mixed performance on Friday. Bitcoin, Ethereum, Solana, XRP, and Avalanche experienced losses of up to 2%, while Dogecoin, Tron, Toncoin, Cardano, Shiba Inu, and Chainlink recorded gains of up to 2.5%.
The global cryptocurrency market cap declined by 0.23%, reaching approximately $2.13 trillion over the last 24 hours.
As of 12:08 p.m. IST, Bitcoin was down 0.1% at $61,267, while Ethereum remained below the $2,400 mark. Earlier, Bitcoin briefly reached $61,416.
Crypto Tracker
TOP COIN SETSDeFi Tracker-1.54% BuyBTC 50 :: ETH 50-2.41% BuyCrypto Blue Chip – 5-2.87% BuySmart Contract Tracker-3.72% BuyNFT & Metaverse Tracker-4.85% BuyTOP COINS (₹) BNB46,210 (0.72%)BuyBitcoin5,159,729 (0.68%)BuyEthereum200,264 (0.65%)BuyTether84 (0.18%)BuySolana11,715 (-0.98%)Buy”Bitcoin is trading within a tight range of $60,000 to $61,000 as investors await further geopolitical clarity. BTC’s support level remains at $60,000 and resistance at $61,500. With Blackrock’s report stating that Bitcoin’s volatility has significantly decreased and will continue to do so over time, investor’s confidence in BTC remains strong,” said Edul Patel, CEO Of Mudrex.
Did you Know?
The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors.
View Details »Avinash Shekhar, Co-Founder & CEO of Pi42, said, “The strong economic data along with tensions on the geopolitical front have strengthened the US dollar and thus impacted the prices of cryptocurrencies. Relief may come with the US jobs report on Friday, improving the prospect for risk assets if rate cuts are promised.”
Stock Trading
Market 101: An Insight into Trendlines and Momentum
View Program
Stock Trading
Markets 102: Mastering Sentiment Indicators for Swing and Positional Trading
View Program
Stock Trading
Market 103: Mastering Trends with RMI and Techno-Funda Insights
View Program
Stock Trading
Market 104: Options Trading: Kickstart Your F&O Adventure
View Program
Stock Trading
ROC Made Easy: Master Course for ROC Stock Indicator
View Program
Stock Trading
RSI Made Easy: RSI Trading Course
View Program
Stock Trading
Technical Analysis for Everyone – Technical Analysis Course
View Program
Stock Trading
Introduction to Technical Analysis & Candlestick Theory
View Program
Stock Trading
Options Trading Course For Beginners
View Program
Stock Trading
Options Scalping Made Easy
View Program
Stock Trading
Futures Trading Made Easy: Future & Options Trading Course
View Program
Stock Trading
Stock Markets Made Easy
View Program
Stock Trading
Renko Chart Patterns Made Easy
View Program
Stock Trading
Options Trading Made Easy: Options Trading Course
View Program
Stock Trading
Stock Investing Made Easy: Beginner’s Stock Market Investment Course
View Program
Stock Trading
Macroeconomics Made Easy: Online Certification Course
View Program
Stock Trading
Stock Valuation Made Easy
View Program
The volume of all stablecoins is now $73.79 billion, which is 91.64% of the total crypto market 24-hour volume, as per data available on .
In the last 24 hours, the market cap of Bitcoin, the world’s largest cryptocurrency, fell to $1.208 trillion. Bitcoin’s dominance is currently 56.89%, according to . BTC volume in the last 24 hours fell 13.4% to $34.8 billion.
Vikram Subburaj, CEO of Giottus, stated, “If Bitcoin maintains its current levels, it could consolidate towards $63,000. However, if it drops below $60,000, it may revisit the early to mid $50,000 range before any significant rally occurs.”
Shivam Thakral, CEO of BuyUcoin, noted, “Solana and Cardano both exhibit strong technical foundations and ongoing developments. With a total value locked (TVL) of $10.5 billion and expanding retail transaction capabilities, Solana is increasingly dominant in the DeFi space. Meanwhile, Cardano’s recent advancements in decentralized governance through the Chang hard fork position it as one of the leading blockchain protocols. Overall, the outlook for Bitcoin and select altcoins remains cautiously optimistic despite the current volatility challenges.”
(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of the Economic Times.)
Source
