Crypto Price Today: Bitcoin holds above $23,500; Shiba Inu, Solana fall over 2%

economictimes.indiatimes.com:

cryptocurrency markets were trading in the red on Thursday. Bitcoin (BTC) fell 1.03% to $23,551, while Ethereum (ETH) was below the $1,650 level. BTC volume in the last 24 hours stood at approximately $23.49 billion, rising 4% in the last 24 hours. «Bitcoin dropped toward US$24,000 early Wednesday following the U.S Consumer Confidence data. However, it again rebounded to the US$23,500 level. BTC has increased by more than 1% in the past 24 hours. But BTC still seems to be a little weak and will need to recover to make a sharp move in the coming days,» Edul Patel, Co-founder and CEO at Mudrex, said. The immediate support of ETH is at the US$1,600 and US$1,550 levels, while the resistance holds at the US$1,670 level, Edul added. Other top crypto tokens were also trading lower. Shiba Inu declined by 2.3%. Solana, Polkadot, Cardano and BNB were also trading with cuts. The global cryptocurrency market cap was trading lower around $1.07 trillion, falling 0.73% in the last 24 hours.

Did you Know?

SAP has launched a new enterprise on the Metaverse with the aim of accelerating cloud adoption among Indian firms. The interactive and immersive ‘cloud on wheels’ platform will enable customers to experience the full range of SAP’s offerings and reimagine processes for improved business outcomes.

The total volume in DeFi is currently 5.15 billion, 10.95% of the total crypto market 24-hour volume. The volume of all stablecoins is now $40.71 billion, which is 90.89% of the total crypto market 24-hour volume. The market cap of Bitcoin, the world's largest cryptocurrency, was around $454.52 billion. Bitcoin’s dominance is currently 42.31%, a decrease of 0.11% over the day, according to CoinMarketCap. Rajagopal Menon, Vice