Today’s Crypto Prices: Bitcoin Maintains Above $27,000, While BNB and Litecoin Decline by 5%
The cryptocurrency market experienced a drop in value on Tuesday, with Bitcoin falling 2.66% to $27,048 and Ethereum falling below $1,750. The global cryptocurrency market cap fell by 1.96% to $1.13tn. Other top cryptocurrencies, including BNB, Dogecoin, Polygon, and Litecoin, were also trading with cuts. Ripple (XRP) saw a surge of over 7%, possibly due to Ripple proponents’ confidence in the outcome of their ongoing case with the SEC. The total volume in DeFi was recorded at $3.82bn, 8.80% of the total crypto market 24-hour volume. The volume of all stablecoins was $39.06bn, which accounts for 90.05% of the total crypto market 24-hour volume. The market cap for Bitcoin was around $523.24bn, with the cryptocurrency’s dominance standing at 46.10%. Experts predict that Bitcoin’s price could drop as low as $25,200, with the possibility of even lower prices if levels continue to be broken. The bulls remaining strong could see prices move up to $30,000. Overall, the market is expected to remain choppy in the coming weeks.