The crypto tokens were trading mixed in Monday’s trade. Bitcoin, XRP, Cardano, and Solana were trading with gains, while Dogecoin, Polkadot, Litecoin, and Shiba Inu were trading with cuts.

Meanwhile, the global cryptocurrency market cap was trading higher, around $1.05 trillion, rising 0.18% in the last 24 hours.

The crypto market was range-bound over the weekend and continues to trade sideways. The crypto fear and greed index, too, remained steady over the weekend. The index is currently in the fear zone with a score of 40/100, said Parth Chaturvedi, Investments Lead at CoinSwitch Ventures.

“All major cryptos by market capitalization are trading marginally in the green. BTC and ETH continue to trade in a narrow range around their respective anchor levels of $26k and $1.6k. However, recent whale activity pertaining to BTC underlines optimism among investors,” Parth said.

The total volume in DeFi is currently $2.04 billion, 9.54% of the total crypto market 24-hour volume. The volume of all stablecoins is now $19.96 billion, which is 93.44% of the total crypto market 24-hour volumeThe market cap of Bitcoin, the world’s largest cryptocurrency, was around $505 billion. Bitcoin’s dominance is currently 48.36%, according to CoinMarketCap. Meanwhile, BTC volume stood at approximately $9.6 billion, rising 14.83% in the last 24 hours.

Notably, both Bitcoin and Ether are trading below their 50-day moving averages, indicating a bearish trend, said the CoinDCX Research Team.Tech view by Rajagopal Menon, Vice President at WazirX on the Crypto Market.
BTC’s exponential moving average (EMA) for 10-days and 200-days indicate strong Sell sentiment at 26226 and 27118, respectively. Similarly, the Simple Moving Average for 10-day and 200-day SMA indicates Sell at 26276 and 27580, respectively. Simple moving averages show strong Sell sentiments.

The Ichimoku Base Line, valued at 27518, shows a Neutral sentiment for quite a long time, whereas the Hull Moving Average indicates a Buy signal at 25649. The Volume Weighted Moving Average at 26574 showed a Sell signal.

The MACD Level (12, 26) at -644 indicates a Sell. The Stochastic RSI Fast (3, 3, 14, 14) is at 52 with a Neutral indicator, while the Williams Percent Range (14) at −78 signals Neutral.

Crypto Cart: Quick Glance (Source:, data as of 12.04 hours, IST on September 4, 2023)

Bitcoin $25,969 0.20%

Ethereum $1,638 0.02%

Tether $0.9997 -0.02%

BNB $215 0.16%

XRP $0.5072 0.64%

Cardano $0.257 0.30%

Dogecoin $0.06326 -0.65%

Solana $19.73 0.75%

Polygon $0.5452 0.17%

Litecoin $64.28 -0.46%

Polkadot $4.27 -0.54%

Tron $0.07706 0.29%

Shiba Inu $0.000007734 -1.42%

(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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