The current market value of Bitcoin is $27,695.00 with a trading volume of $32.3 billion within the last 24 hours. Bitcoin's value has declined by nearly 2% in the past 24 hours. It is currently ranked #1 on CoinMarketCap, with a market capitalization of $535 billion.
The BTC/USD pair is currently consolidating near the $28,400 level, having breached the resistance level of $29,250. Due to the continuous bullish trend, there is a likelihood of further increase in Bitcoin's value to touch $29,250 or even $30,700.
Meanwhile, Bitcoin's support levels continue to hold steady at around $26,600 and $25,200.
The current Ethereum price is $1,753, and the 24-hour trading volume is $12.6 billion. Ethereum has decreased by nearly 2.50% in the past 24 hours. As of now, Ethereum holds the #2 position on CoinMarketCap with a live market cap of $214 billion.
The ETH/USD pair is currently experiencing a minor correction, albeit with less intensity than Bitcoin. Ethereum is facing some difficulty in breaking through the resistance at $1,800 and is hovering around the support zone of $1,700.
If the pair manages to surpass the $1,800 level, it is expected to face resistance at the $1,900 mark.
The ETH/USD pair is expected to find immediate support at either the $1,700 or $1,620 level on the downside.