Crypto Price Today: Bitcoin holds above $30,000; BNB, Polygon shed over 4%

economictimes.indiatimes.com:

cryptocurrency markets traded in the red on Friday after rising for three consecutive days. Bitcoin (BTC) declined 0.73% to $30,063, whereas Ethereum (ETH) was below the $1,900 level. BTC volume stood at approximately $18.92 billion, falling 40% in the last 24 hours. «Markets have slipped after a three-day rally. The crypto fear and greed index has registered no movement and continues to remain at a score of 65/100,» Parth Chaturvedi, Investments Lead at CoinSwitch Ventures, said. «BTC, down 1.3%, continues to trade around $30k. BTC’s price is beginning to stall after the BTC ETF excitement within the market. Though we can expect the BTC price to hold firmly around the current levels with support at $29.7k,» Parth added.

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Other top crypto tokens were also trading in the red on Friday. BNB, Solana, and Polygon declined over 4% each. The global cryptocurrency market cap was trading lower around $1.17 trillion, falling 1.36% in the last 24 hours. The market cap of Bitcoin, the world's largest cryptocurrency, was around $582 billion. Bitcoin’s dominance is currently 50%, an increase of 0.16% over the day, according to CoinMarketCap. «Bitcoin failed to break the $30,700 level and could therefore trigger a correction towards the $29,300 Fibonacci retracement. Increased selling pressure could push the price down to around $28,400, which is the 38.2% Fibonacci level. If the bearish trend strengthens, the targets