In the previous 24 hours, Bitcoin has increased to $27,179. According to analysts, this might be viewed as a new level of psychological support for BTC.
Ethereum developers have recommended a 6300% increase in the validator limit . According to CoinMarketCap, the total crypto market volume during the last 24 hours is $27.85 billion.
in the previous 24 hours, cryptocurrency markets have experienced some favorable price action.
The worldwide cryptocurrency market capitalisation is $1.12 trillion, up 1.2% from yesterday.
The crypto fear and greed index has also improved by two points, remaining in the neutral zone at 49. Parth Chaturvedi, Investment Lead at CoinSwitch Ventures, told Republic that BlackRock’s move “seems to have provided buoyancy to the markets, lifting investor sentiment and activity.”
Bitcoin has remained above the $26,600 barrier in the previous 24 hours, indicating a period of consolidation.
The price rose above $27,000, peaking at around $27,179. However, a correction is already happening as the bullish momentum has waned slightly. Bitcoin is currently trading at roughly $26,900.
“The immediate resistance level for Bitcoin is $27,200, while the support level is $26,700,” Mudrex CTO Alankar Saxena told Republic.