Today’s Crypto Price Update: Bitcoin maintains position above $27,800; Litecoin and Dogecoin experience slight declines up to 3%
Bitcoin, Tron, and BNB recorded gains while Ethereum, Cardano, and Litecoin saw a dip in the cryptocurrency market on Monday. Bitcoin increased 1.16% to reach $27,832, while Ethereum dropped below $1,750. The global cryptocurrency market cap rose 0.68% to reach $1.16tn, and the total volume in DeFi equalled $3.02bn. Bitcoin’s market cap stood at approximately $535.94bn while its dominance increased 0.19% to reach 46.4%. The market remained relatively flat over the weekend with BTC hovering around the $28,000 mark. FOMC’s rate hike had an impact on investor sentiment in the crypto market, but Coinbase’s recent developments were likely to keep investors on their toes in the following weeks. Major market oscillators indicate a neutral sentiment, with RSI at 63.80 and a Stochastic %K of 76.51.