Synopsis
Cryptocurrencies traded mixed on Friday with Bitcoin down 0.9% and Ethereum up. The global market cap dropped 0.8%. Bitcoin consolidates around $63,000, briefly hitting $65,000.
Major crypto tokens traded mixed on Friday. Bitcoin, BNB, XRP, Dogecoin, Cardano, Avalanche, and Shiba Inu saw losses, trading down by up to 6%. Conversely, Ethereum, Solana, Toncoin, and Tron recorded gains, trading up to 3% higher.
Meanwhile, the global cryptocurrency market cap decreased by 0.8% to around $2.35 trillion in the last 24 hours.
As of 11:44 a.m. IST, Bitcoin was down 0.9% at $64,384, while Ethereum remained above the $3,400 level. Earlier in the day, Bitcoin briefly reached $65,000.
Crypto Tracker
TOP COIN SETSAI Tracker17.49% BuyNFT & Metaverse Tracker10.81% BuyBTC 50 :: ETH 509.13% BuySmart Contract Tracker8.06% BuyWeb3 Tracker6.52% BuyTOP COINS (₹) Solana13,409 (0.61%)BuyTether83 (-0.24%)BuyBNB47,385 (-1.2%)BuyEthereum282,683 (-1.84%)BuyBitcoin5,309,409 (-2.04%)Buy”Bitcoin is consolidating around the $63,000 level, amidst a continued slump in US equity prices and ongoing speculation about the presidential election race. If BTC fails to climb above the $64,650 resistance zone, it could move downward toward the $62,500 level. Additionally, the recent hack of WazirX has added pressure on Indian investors,” said Edul Patel, CEO of Mudrex.
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View Details »CoinDCX Research Team, said, “BTC and ETH are moving sideways, while many altcoins saw a decline yesterday. BTC took support at $63,300 and bounced back; it needs to clear the $66,800 resistance for an upside move in the short term.”
The volume of all stablecoins is now $63 billion, which is 91.6% 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 $1.267 trillion. Bitcoin’s dominance is currently 53.8%, according to . BTC volume in the last 24 hours declined 14.5% to $26.5 billion.
Tech view by Sathvik Vishwanath, Co-Founder & CEO, Unocoin
Currently, BTC is trading at around $64,600 and showing a slight increase. Key levels include resistance at $65,000 and support at $64,500. With a market cap of $1.28 trillion and a circulating supply of 19.73 million BTC, technical indicators suggest a cautiously optimistic outlook.
(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of the Economic Times.)
