- Bitcoin’s trading volume increased after breaching the $28.4K threshold on Monday.
- Ripple and Polygon also saw substantial volume increases after recent price hikes.
- Bitcoin’s intraday trading volume decreased by over 8%, falling to $10,459,774,981.
On Monday, Bitcoin
Santiment’s data reveals that there have been substantial volume increases for Ripple
CoinMarketCap data shows that BTC experienced a price increase of 0.99% in the last 24 hours, resulting in a trading price of $27,671.40. However, the leading cryptocurrency’s intraday trading volume decreased by over 8%, falling to $10,459,774,981.
A balanced triangle has appeared on BTC’s 4-hour chart, indicating a potential price breakout for the cryptocurrency shortly. If this breakout is upward, the leading cryptocurrency’s price could surpass the $27,915 threshold, reaching up to $30K.
Conversely, a downward breach could cause the value of the cryptocurrency to fall beneath the subsequent support level of $26,915. Following this, persistent selling pressure might drive the price of BTC down to the crucial $26K threshold.
In the last 24 hours of trading, MATIC experienced a price surge of 0.68%, positioning its price at approximately $0.5623 at the time of reporting. Additionally, MATIC’s trading volume over the same period increased by over 6%, totaling $389,258,982.
Conversely, XRP experienced a 0.60% decrease in its price over the last 24 hours, leading to a trading value of $0.5267. Alongside this depreciation, XRP’s trading volume over the same period also took a substantial hit of 37.69%, reducing it to $1,023,958,334.
Disclaimer: The insights, perspectives, and data presented in this price analysis are published in good faith. Readers must conduct their own research due diligence. Any decision made by the reader is solely their responsibility, and Crypto Outlooks shall not be held responsible for any consequential or incidental harm or loss.
