Crypto Price Today: Bitcoin falls below $30k; Tron, Dogecoin shed up to 5%

economictimes.indiatimes.com:

«Most cryptocurrencies witnessed a slight decline ahead of the US CPI data for March, which is set to be released today. Bitcoin was seen consolidating at the US$29,930 level after attempting a fresh increase and spiked above the US$30,450 resistance zone yesterday. The next support of BTC is near the US$29,400 level, and resistance is at US$30,250,» Edul Patel, Co-founder and CEO at Mudrex, said. «On the other hand, the whole crypto industry is looking forward to the long-awaited Shanghai upgrade which is set to go live today, allowing phased staking withdrawals,» Patel added. Other top crypto tokens were also trading lower. Tron declined nearly 5%. Meanwhile, BNB, XRP, Litecoin, Dogecoin and Cardano also traded with cuts. The global cryptocurrency market cap was trading lower around $1.22 trillion, falling 1.22% in the last 24 hours.

Did you Know?

SAP has launched a new enterprise on the Metaverse with the aim of accelerating cloud adoption among Indian firms. The interactive and immersive ‘cloud on wheels’ platform will enable customers to experience the full range of SAP’s offerings and reimagine processes for improved business outcomes.

The market cap of Bitcoin, the world's largest cryptocurrency, was around $579 billion. Bitcoin’s dominance is currently 47.50%, gaining 0.51% over the day, according to CoinMarketCap. From a technical analysis perspective, «the BTC/USD pair shows a clear bullish trend at the $30,000 milestone with potential resistance at $31,000 or even $32,250 if this level is breached,» 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