New Delhi: The cryptocurrency markets were trading mixed on Monday. Bitcoin, XRP and Cardano were trading with cuts, while BNB, Solana and Litecoin saw gains.

Bitcoin (BTC) fell 1.12% to $29,996, whereas Ethereum (ETH) was above the $2,100 level. BTC volume in the last 24 hours stood at approximately $14.78 billion — rising 29.22% in the last 24 hours.

“Over the weekend, Bitcoin maintained its consolidation around the US$30,000 level after reaching a peak of US$31,005 on Friday — its highest point since June 2022. In contrast, Ethereum, the second-largest cryptocurrency, achieved a new 11-month high of US$2,141 over the weekend, driving fresh enthusiasm among investors following the successful Shanghai upgrade,” Edul Patel, Co-founder and CEO at Mudrex, said.

ETH is currently trading at US$2,101, which represents a 134% increase since its lowest cycle in June 2022. The market as a whole appears to be bullish, Edul added.

The total volume in DeFi is currently 4.11 billion, 10.03% of the total crypto market 24-hour volume. The volume of all stablecoins is now $36.26 billion, which is 88.43% of the total crypto market 24-hour volume.
The global cryptocurrency market cap was trading lower around $1.27 trillion, falling 0.0.35% in the last 24 hours.The market cap of Bitcoin, the world’s largest cryptocurrency, was around $580 billion. Bitcoin’s dominance is currently 45.72%, a decrease of 0.37% over the day, according to CoinMarketCap.

“Bitcoin is trading sideways between $30,000 and $30,500, while a bullish move above $30,500 could lead to another resistance area of $30,700 or $31,000. Ethereum hit a year high of $2,123 after successful upgrades, stakes surge suggests positive sign for future,” Sathvik Vishwanath, Co-Founder & CEO of Unocoin, said.

Rajagopal Menon, Vice President at WazirX said, “Major market oscillators point to a neutral sentiment. The Relative Strength Index (14) sits at 64, with a neutral outlook. The Stochastic %K (14, 3, 3) indicates “Sell” at 77 and the Average Directional Index (14) indicates a Neutral outlook at 42.

“The MACD Level (12, 26), at 1039, indicates Buy. The Stochastic RSI Fast (3, 3, 14, 14) indicates Sell at 67 and William’s Percentage is Sell at −33 as well,” Menon added.

Crypto Cart: Quick Glance (Source:, data as of 11.27 hours, IST on April 17, 2023)

Bitcoin $29,996 -1.12%
Ethereum $2,100 0.09%
Tether $1.00 -0.01%
BNB $347 4.02%
XRP $0.5156 -0.86%
Cardano $0.4436 -1.99%
Dogecoin $0.08948 -1.35%
Polygon $1.17 0.41%
Solana $25.44 4.49%
Polkadot $6.72 -1.21%
Shiba Inu $0.00001146 -1.69%
Litecoin $99.16 2.99%
Tron $0.06652 0.53%

(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)

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