Crypto Price Today Live: Bitcoin marches towards $24k; Polygon, BNB rise up to 12%

economictimes.indiatimes.com:

Bitcoin (BTC) rose 3.11% to $23,788, while Ethereum (ETH) was above the $1,600 level. BTC volume in the last 24 hours stood at approximately $30.58 billion, rising 37.16% in the last 24 hours. «Bitcoin traded above $23,900 after reaching a low of $22,874 the previous day. A potential upward trend towards $24,000 and then $25,000 is possible if the market stays favourable. Meanwhile, Ethereum broke above $1,600, with support at that level and resistance at $1,700,» Edul Patel, Co-founder and CEO at Mudrex, said. Other top crypto tokens were also trading higher. Polygon rose 12.35%. Solana, Avalanche, Cardano and BNB were also trading with gains.

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The global cryptocurrency market cap was trading lower around $1.09 trillion, rising 3.86% in the last 24 hours. The total volume in DeFi is currently $5.67 billion, 8.88% of the total crypto market 24-hour volume. The volume of all stablecoins is now $57.14 billion, which is 89.5% of the total crypto market 24-hour volume. The market cap of Bitcoin, the world's largest cryptocurrency, jumped around $458.6 billion, with a dominance of about 42.14%, a decrease of 0.33% over the day, according to CoinMarketCap. «According to the 1-hour time frame analysis, the BTC/USDT spot market appears to be in a bullish state, with a price of $23,900 and support levels at $23,900 and $23,300. The resistance level is at $25,200 and the Relative Strength Index (RSI) is at 70,