Crypto Price Today: Bitcoin holds near $24,500; Solana jumps over 12%

The cryptocurrency markets were trading mixed on Monday. Bitcoin, Ethereum, and XRP were trading with cuts, while Solana, Shiba Inu, and Cardano were trading with gains.

Bitcoin (BTC) fell 0.69% to $24,497, whereas Ethereum (ETH) was just below the $1,700 level. BTC volume in the last 24 hours stood at approximately $28.58 billion, rising 50.22% in the last 24 hours.

"It’s a great start for the week as Bitcoin is ready to test the crucial $25,000 mark. If Bitcoin finds strong support at the $24,000 level then it will provide much-needed momentum for BTC to test $30,000 in near future," Shivam Thakral, CEO of BuyUcoin said.


The global cryptocurrency market cap was trading lower around $1.12 trillion, falling 0.11% in the last 24 hours.

The total volume in DeFi is currently $7.58 billion, 12.03% of the total crypto market 24-hour volume. The volume of all stablecoins is now $55.82 billion, which is 88.56% of the total crypto market 24-hour volume.

The m-cap of Bitcoin, the world's largest cryptocurrency, was around $472.22 billion, with a dominance of about 42.22%, a decrease of 0.27% over the day, according to CoinMarketCap.

"Major market indicators continue to point to a neutral sentiment. The Relative Strength Index (14), one of the key indicators, sits at 63.17, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) is at 78.63 and 38.84, respectively, further indicating a neutral market," Rajagopal Menon, VP at WazirX said.

"The MACD level (12, 26), at 691.96, indicates a Buy. The Stochastic RSI Fast (3, 3, 14, 14) is at 81.14 with a Sell indicator, while the Williams Percent Range (14) at −22.91 also signals Neutral," Menon added.

Crypto Cart: Quick Glance (Source: coinmarketcap.com, data as of 12.37 hours, IST on February 20, 2023)
Bitcoin $ 24,497 -0.69%
Ethereum $1,694 -0.23%
Tether $1 -0.01%
BNB $315.98 -0.04%
XRP $0.3918 -0.47%
Dogecoin $0.08783 -0.93%
Cardano $0.4066 0.66%
Polygon $1.49 -2.55%
Polkadot $7.51 0.72%
Tron $0.07146 1.66%
Litecoin $98.08 1.51%
Shiba Inu $0.00001348 1.94%
Solana $26.58 12.32%
(Note: Price change in last 24 hours)

(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)