Stay updated with breaking news from Quick Glance. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
"BTC and Ethereum prices have experienced a slight decrease in the past 24 hours. This dip is attributed to rising U.S. bond yields and overbought signals, which have put pressure on Bitcoin," said CoinDCX Research Team.
New York-based decentralized exchange Dexalot, operating on an Avalanche Subnet, has rolled out two significant features: SimpleSwap and SimpleView. These tools are designed to simplify the trading experience, merging the ease of a DEX with the advanced capabilities of a CEX.
"Remarks by the US Feds on the monetary policy seem to have led to a sell-off within investors across markets, including crypto. The crypto fear and greed index has re-entered the fear zone after dropping 4 points since yesterday. The index currently stands at a score of 43/100," said Parth Chaturvedi, Investments Lead, CoinSwitch Venture.
Bitcoin (BTC) fell 0.42% to $26,997, whereas Ethereum (ETH) was just above the 1,600 level. Meanwhile, the global cryptocurrency market cap was trading lower, around $1.07 trillion, falling 0.56% in the last 24 hours.
Bitcoin recently broke the long-term resistance at $26,800, attributed to the “double top” pattern seen in the 4-hour period. This breach also marked a successful breakout of the previous downtrend line, signaling the potential for a continued bullish trend.