HomeMarketsCryptocurrencyCrypto price today: Bitcoin below $27,000; Solana, Tron, Dogecoin, Polygon and Avalanche...

Crypto price today: Bitcoin below $27,000; Solana, Tron, Dogecoin, Polygon and Avalanche fall 3% each

On Monday, Bitcoin and other leading cryptocurrencies were trading at lower prices, continuing their downward trend after a modest comeback over the weekend. Bitcoin’s price has mostly been in a consolidation state throughout the course of the last month. The state of the international economy is expected to have a significant impact on the attitudes of investors in the near future.

Bitcoin was moving again in the wrong direction after it had recovered over the weekend, as the biggest cryptocurrency token lost 2% of its value and continued to trade below the $27,000 barrier. Even though it was down roughly one percent, its major competitor, Ethereum, was still able to maintain its position above $1,800. Other cryptocurrencies were in the red.

Bitcoin reached a trading high of $27,000 over the weekend, but since then, it has declined as the market prepares for a week that will be heavy with news in the United States. Investors and traders should keep a careful eye on these events because they have the ability to affect how people feel about the market. According to Edul Patel, CEO and co-founder of Mudrex, there is a possibility that the market could see some volatility this week.

Bitcoin is trading at a level of $26,650 at the moment, with its support level located at $26,200 and its resistance level located at $27,000. On the other side, the price of Ethereum has recently reached the $1,800 markl located at $26,200 and its resistance level located at $27,000. On the other side, the price of Ethereum has recently reached the $1,800 mark. There is the potential for a brief increase in price if purchasers are able to keep it above where it is now trading,” he went on to say.

On Monday, prices for all of the most popular crypto tokens, including stablecoins, were on the decline. During the early hours of the day, the value of Solana fell by more than 3 percent, while Tron, Dogecoin, and Polygon also experienced comparable decreases. Each of the cryptocurrencies, Shiba Inu, XRP, Avalanche, and Polkadot, had a decrease of 2%.

The total value of all cryptocurrencies that have ever been traded on the worldwide market has decreased to the $1.12 trillion level, marking a decline of roughly 2% in the space of only one day. On the other hand, overall trade volumes increased by almost 22 percent to a new high of $21.30 billion.

According to Sathvik Vishwanath, Co-Founder and CEO of Unocoin, Bitcoin miners sold 2,000 coins for a total of $55 million in only one day as investors focused on a critical support level in anticipation of a possible price rebound.

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