Cryptocurrency prices showed mixed trends on Thursday. Bitcoin (BTC) remained volatile, but managed to stay above $67,400, while Ethereum (ETH) continued to hover around $2,600. Solana (SOL) and Shiba Inu have experienced a slight dip in the past 24 hours.
As of 11:41 PM IST, Bitcoin was trading 0.6% higher at $67,433, having previously touched a high of $68,375. Ethereum rose 0.17% to $2,623.
Other major cryptocurrencies such as BNB, XRP, Dogecoin, and Tron rose by up to 4%. Conversely, Solana, Toncoin, Cardano, Avalanche, Polkadot, and Shiba Inu fell by up to 2.5%.
“Bitcoin stabilized around $67,500 after testing the $68,000 resistance level. With improving market sentiment, Bitcoin could be gearing up for $70,000. Next up for BTC Resistance is at $68,600 and support is at $66,400,” said Edul Patel, CEO of Mudrex.
The CoinDCX research team said: “During the past trading day, Bitcoin price experienced a significant bullish rally, with levels rising above $68,300, as the short liquidity pool accumulated around $68,600. , the price has tried and failed to break above $68,400 multiple times, suggesting a short squeeze could occur. It will happen soon. ”
“After multiple failed attempts, resistance appears to be weakening, indicating that a breakout to the upside from the expanding wedge could push prices closer to $90,000,” they say. added. The total stablecoin volume is currently $73.14 billion, representing 90.78%. In the past 24 hours, the market capitalization of Bitcoin, the world’s largest cryptocurrency, rose to $1.32 trillion, according to data available on CoinMarketCap. According to CoinMarketCap, Bitcoin’s dominance is currently 57.53%. BTC trading volume in the past 24 hours decreased by 24.75% to $36.91 billion.
“Bitcoin is aiming for $67,500 after a prolonged downtrend of 220 days, indicating a rebuilding of investor confidence. The Fear and Greed Index remains stable at 71 in the ‘greed’ zone. Masu. With the next US election just 20 days away, this is likely the key driver for the next bull market,” said Avinash Shekhar, co-founder and CEO of Pi42. Ta.
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