Crypto Price Today: Bitcoin falls below $28k; Dogecoin, Shiba Inu shed up to 7%

economictimes.indiatimes.com:

cryptocurrency markets were trading in the red on Monday. Bitcoin (BTC) fell 2.62% to $27,706, whereas Ethereum (ETH) was below the $1,800 level. BTC volume stood at approximately $13.60 billion, rising 28.72% in the last 24 hours. «Bitcoin has traded below the US$28,000 zone in the past 24 hours as investors await fresh productivity and jobs data in the US this week. The immediate support lies at the US$27,500 level, while the resistance is at the US$28,100 zone and the trendline,» Edul Patel, Co-founder and CEO at Mudrex, said. Other top crypto tokens were also trading lower. Dogecoin declined over 7%. Shiba Inu, Solana and BNB were also trading lower. The global cryptocurrency market cap was trading lower around $1.16 trillion, falling 2.27% in the last 24 hours. The total volume in DeFi is currently 3.62 billion, 10.61% of the total crypto market 24-hour volume. The volume of all stablecoins is now $29.78 billion, which is 87.42% of the total crypto market 24-hour volume.

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The market cap of Bitcoin, the world's largest cryptocurrency, was around $536.28 billion. Bitcoin’s dominance is currently 46.21%, down 0.16% over the day, according to CoinMarketCap. «Bitcoin's current price is $27,600 and hovers around a key trading range of $28,200 to $28,900. A definitive breakout from this range will play a significant role in determining the future direction of Bitcoin's price,» Sathvik Vishwanath,