Crypto Price Today: Bitcoin falls below $27k, Solana, Cardano shed up to 2%

economictimes.indiatimes.com:

cryptocurrency markets were trading in the red on Friday. Bitcoin (BTC) fell 1.13% to $26,908, whereas Ethereum (ETH) was above the $1,800 level. BTC volume stood at approximately $14.9 billion, falling 0.58% in the last 24 hours. «Bitcoin experienced a reversal, dropping to the US$26,700 level after reaching US$27,400 the previous day. The decline can be attributed to investor concerns surrounding ongoing debt ceiling talks in Washington, D.C., and regulatory developments,» Edul Patel, Co-founder and CEO at Mudrex said. Other top crypto tokens were also trading lower. Solana and Cardano declined nearly 2%. Ethereum, BNB, Polkadot and Litecoin were also trading lower. The total volume in DeFi is currently 2.02 billion, 6.40% of the total crypto market 24-hour volume. The volume of all stablecoins is now $29.18 billion, which is 92.43% of the total crypto market 24-hour volume.

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The global cryptocurrency market cap was trading higher around $1.13 trillion, falling 0.81% in the last 24 hours. The market cap of Bitcoin, the world's largest cryptocurrency, was around $521 billion. Bitcoin’s dominance is currently 46.33%, a decrease of 0.15% over the day, according to CoinMarketCap. «Bitcoin struggled to break the $27,500 level, leading to a sharp decline to $26,500. Bearish candlestick patterns were seen on the four-hour time frame, indicating seller dominance. Technical indicators such as RSI and MACD