Crypto Price Today: Bitcoin holds above $29k; Solana, Dogecoin shed up to 2%

economictimes.indiatimes.com:

cryptocurrency markets were trading flat in Friday's trade. Bitcoin (BTC), Ethereum (ETH) and XRP were trading with gains, while BNB, Dogecoin and Solana were trading with cuts. BTC rose 0.29% to $29,230, while ETH was above the $1,900 level. BTC volume in the last 24 hours stood at approximately $16.57 billion, falling 14.90% in the last 24 hours. «BTC is holding strong above the $29,000 mark while Ether is almost touching the $1900 level. The crypto market is witnessing restricted growth due to high inflation and other macroeconomic factors and the Jobs data on Friday will act as a key stimulant for the market momentum,» Shivam Thakral, CEO of BuyUcoin, said. The global cryptocurrency market cap was trading flat at around $1.20 trillion, falling 0.02% in the last 24 hours.

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The total volume in DeFi stood at 2.21 billion, 6.52% of the total crypto market 24-hour volume. The volume of all stablecoins stood at $30.49 billion, which is 89.89% of the total crypto market 24-hour volume. The market cap of Bitcoin, the world's largest cryptocurrency, was around $565 billion. Bitcoin’s dominance was at 47.25%, an increase of 0.12% over the day, according to CoinMarketCap. «BTC continues to hover around $29k, up 0.9% from yesterday. However, BTC’s dominance rate in the broader markets has risen to a 22-month high of 49 percent. Experts believe this to be a result of the ongoing banking woes in the US,» Parth