Crypto Price Today: Bitcoin falls below $28,200; XRP, Polygon decline up to 5%

economictimes.indiatimes.com:

cryptocurrency markets were trading in the red on Monday after a better-than-expected April US jobs data. Bitcoin (BTC) fell 2.81% to $28,171, whereas Ethereum (ETH) was below the $1,900 level. BTC volume in the last 24 hours stood at approximately $13.28 billion, falling 11.59% in the last 24 hours. «After the US Job growth remained strong in April, Bitcoin rose to US$29,800 on Saturday. However, Bitcoin and Ethereum fell in the past 24 hours following Binance halting Bitcoin withdrawals for the second time in a day, citing large volumes,» Edul Patel, Co-founder and CEO at Mudrex, said. The global cryptocurrency market cap was trading higher around $1.16 trillion, falling 2.53% in the last 24 hours. The total volume in DeFi is currently 2.82 billion, 8.45% of the total crypto market 24-hour volume. The volume of all stablecoins is now $29.28 billion, which is 87.74% of the total crypto market 24-hour volume.

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The market cap of Bitcoin, the world's largest cryptocurrency, was around $545 billion. Bitcoin’s dominance is currently 47.09%, a loss of 0.08% over the day, according to CoinMarketCap. Binance had suspended deposits and withdrawals in March due to technical issues, during that period BTC dropped by about 1%. For BTC, the Exponential Moving Average for 10-day EMA indicates sell at 28,733, and the 200-day EMA indicates buy at 24,630. The Simple Moving Average for 10-day SMA indicates sell at