Crypto Price Today: Bitcoin regains $27,000; Ethereum holds above $1,550; Altcoins trade up
Bitcoin jumped more than a per cent as the last crypto token managed to regain the 27,000-levels, while Ethereum was also in green and inched up half-a-per cent to hold above $1,550-level.
The global cryptocurrency market cap was trading significantly higher, jumping to $1.06 trillion-mark, as it declined about one per cent in the last 24 hours.
Top crypto tokens were trading quite higher on Monday.
Bitcoin held above $27,000; Ethereum held over $1,550.
Total mcap of cryptos was trading higher at $1.06 trillion.
Bitcoin and other crypto tokens were trading with decent gains in the early week on Monday in Asia as the way cleared for the Bitcoin ETF in the US. The US Securities and Exchange Commission (SEC) will not appeal the court’s scathing reversal of its decision not to let Grayscale convert its bitcoin trust into an exchange-traded fund (ETF). Solana (SOL) isin anascending trend with the asset trading above its 50-day simple moving average ($20.5).After recording short-term gains earlier this month, the asset is trying to regain momentum past two weeks of negative price action. Its Bollinger Bands are currently wide as the price volatility increases near the $22 mark. Price action is trending equal to the indicator’s mean line. Image: Chart-Solana The indicator’s bottom line provides support at $19.7 while the upper limit presents a resistance level at $24.5. Its RSI has started to climbaboveneutral zone reflecting resumption ofbuying activity. If SOLsuccessfully breaches through the $24.5 barrier in near term, it may encounter next resistance at $27.5. Major Levels Support: $19.7, $17.5 Resistance: $24.5, $27.5(Views and recommendations given in this section are the analysts' own and do not represent those of Business Today. Please consult your financial adviser before taking any position in the asset/s mentioned.)
