In the last 24 hours, the market cap of Bitcoin, the world's largest cryptocurrency, declined to $1.227 trillion. Bitcoin's dominance is currently 53.15%, according to CoinMarketCap. BTC volume in the last 24 hours rose 19.3% to $21 billion
Regarding the future price movements of cryptocurrencies, the CoinDCX Research Team noted, "This week's macroeconomic events, such as the Fed's fund rate and unemployment rate announcements, could potentially increase market volatility."
On the technical front, Edul Patel, CEO of Mudrex, said, "Bitcoin has been range-bound between $60,000 and $70,000 level since a while now. The support lies at the $62,500 level and the resistance is at the $64,200 level."
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