Crypto Price Today: Bitcoin holds above $23,400; Cardano, Shiba Inu slip up to 2%

economictimes.indiatimes.com:

cryptocurrency markets were trading mixed on Wednesday. Bitcoin, Ethereum and XRP were trading with gains, while BNB, Shiba Inu and Cardano were trading with cuts. Bitcoin (BTC) rose 0.17% to $23,471, while Ethereum (ETH) was above the $1,600 level. BTC volume stood at approximately $21.84 billion, falling 1.92% in the last 24 hours. «As the cryptocurrency market continues to face downward pressure, Ethereum has shown potential for an upward move, with technical indicators suggesting that a sustained uptrend is likely. However, Bitcoin struggled to gain momentum, hovering around the $23,500 level as investors seek safer investments amid growing macroeconomic uncertainty,» Sathvik Vishwanath, Co-Founder & CEO of Unocoin, said. The global cryptocurrency market cap was trading lower around $1.07 trillion, falling 0.06% in the last 24 hours.

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The total volume in DeFi is currently 5.05 billion, 11.20% of the total crypto market and the volume of all stablecoins is now $40.72 billion, which is 90.38% of the total crypto market 24-hour volume. The market cap of Bitcoin, the world's largest cryptocurrency, was around $453.05 billion. Bitcoin’s dominance is currently 42.27%, an increase of 0.01% over the day, according to CoinMarketCap. «The next support level for Bitcoin is US$ 23,000, and there might not be any significant movements for now as BTC has not acquired strength. Investors and traders might take some