Crypto Price Today Live: Bitcoin drops below $28,100k; Dogecoin, XRP shed up to 8%

economictimes.indiatimes.com:

«Bitcoin dropped for the second consecutive session, as the price fell to the level of US$28,100 due to an increase in selling pressure. As a result, the gains made by Bitcoin in the past seven days were erased. Despite this setback, there is still strong support at the US$26,500 mark, which was the low point in late March,» Edul Patel, Co-founder and CEO at Mudrex, said. Other top crypto tokens were also trading lower on Thursday. Dogecoin declined by over 8%. Meanwhile, BNB, XRP, Cardano, Polygon and Polkadot also traded with cuts. The global cryptocurrency market cap was trading lower around $1.19 trillion, falling 2.49% in the last 24 hours. The market cap of Bitcoin, the world's largest cryptocurrency, was around $542 billion. BTC volume stood at approximately $20.41 billion, falling 20.86% in the last 24 hours. Bitcoin’s dominance is currently 45.81%, a decrease of 0.20% over the day, according to CoinMarketCap.

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«Bitcoin rally was halted as BTC fell below the $29,000 mark while ETH slipped below the $2000 as the euphoria around the Shanghai upgrade begins to fade and macroeconomic factors take over,» Dhruvil Shah, Vice President of Technology, Liminal said. Rajagopal Menon, Vice President at WazirX said, «Major market indicators point towards a 'neutral' sentiment. The Relative Strength Index (14), one of the key indicators, sits at 48, with a neutral outlook. The Stochastic %K (14, 3, 3) and the