Crypto Price Today: Bitcoin holds below $29,400; Shiba Inu, Dogecoin falls up to 3%

"Crypto markets remained sideways over the weekend with Bitcoin trading close to $29,400. The lack of volatility has pulled Bitcoin futures trading volumes to their lowest levels since December 2022. This shows that traders may have been avoiding making moves at the current levels," said, CoinDCX Research Team.

BTC volume stood at approximately $9.88 billion, rising 59.34% in the last 24 hours.

On Monday, the market cap of Bitcoin, the world's largest cryptocurrency, was around $571 billion. Bitcoin's dominance is currently 48.73%, according to CoinMarketCap.

"The market, overall, seems to be headed toward price stability. BTC and ETH continue to trade within their respective narrow ranges around $29k and $1.8k. SHIB, which surged ahead of its upcoming layer-2 network launch, also observed some selling pressure in the last 24 hours," Chaturvedi, Investments Lead, CoinSwitch Ventures, said.

Rajagopal Menon, Vice President at WazirX, said, "Major market oscillators point to a Neutral sentiment. The Relative Strength Index (14) sits at 47, with a neutral outlook. The Stochastic %K (14, 3, 3) at 47 and the Average Directional Index (14) at 13 indicate a Neutral outlook."

"The MACD Level (12, 26), at -77, indicates Buy. The Stochastic RSI Fast (3, 3, 14, 14) is Neutral at 43 and William's Percentage too indicates a Neutral sentiment at -55." Menon added.

Crypto Cart: Quick (Source: coinmarketcap.com, data as of 12.09 hours, IST on August 14, 2023)

Bitcoin $29,387 0.04%

Ethereum $1,847 -0.04%

Tether $0.9987 -0.07%

BNB $240 0.04%

XRP $0.628 0.11%

Cardano $0.2906 0.03%

Dogecoin $0.07497 -1.72%

Solana $24.38 -1.25%

Polygon $0.6797 0.16%

$82.2 -1.11%

Polkadot $5 -0.38%

Tron $0.07724 0.11%

Shiba Inu $0.0000103 -3%

(Note: Price change in last 24 hours)

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)