Delhi Diaries on Headline

On Friday, the Cryptocurrency markets were trading mixed. BNP, XRP, and Tron were trading with gains, and Bitcoin, Dogecoin, and Solana were trading with cuts. Ethereum was above the $1800 level and Bitcoin fell 1.91% to $28,704. In the last 24 hours, BTC volume stood at $19.14 billion falling to 17.89%. “In the last 24 hours following the recent surge above the US$29,000 level Bitcoin was seen at $28,000. The anticipation of the upcoming US GDP report was the reason for this consolidation report”. This statement was given by Edul Patel who was the Co-founder and CEO at Mudrex.

Statements of Reformers

“With the support of nearly US$27,900, a key bullish trendline has been formed. The US$28500 level to US$28850 zone is the BTC’s immediate resistance now lies at. The key uptrend support remains intact. BTC has not acquired enough trends to make a sharp move”. Edul made this statement. 4.44 billion is currently the total volume of DeFi and the crypto market total volume is 10.21%. $38.58 billion is the volume of stablecoins. This is 88.73% of the total crypto market volume in 24 hours. The global cryptocurrency market was around $1.18 trillion. In the last 24 hours, it falls to 0.87%. 

The world’s largest Cryptocurrency Bitcoins market cap was around $543 billion. Bitcoin’s dominance decreased by 0.47%  and is currently 46.17%. “Hovering around the $27,900 price level the current technical level remains stable. A potential bitcoin rally to $29,200 led to a break at the resistance at $28,950. Strong support levels are expected if the downtrend continues.” Sathvik Vishwanath made this statement. “A neutral sentiment was pointed to major market oscillators. With a neutral look, the relative strength index sits at 62.71.