Bitcoin falls below $26,000; Litecoin and Polkadot are down more than 5%

On Saturday, crypto tokens were trading lower for the second day in a row. Bitcoin (BTC) plummeted 5% to $25,998, while Ethereum (ETH) fell below $1,650.

The worldwide cryptocurrency market cap was trading lower, around $1.05 trillion, having dropped 4% in the previous 24 hours.

The release of the monthly jobs data in the United States later today may also have a negative impact on Bitcoin’s value.

Other popular crypto coins were also trading lower on Saturday. Dogecoin, Solana, BNB, and Cardano all plummeted more than 3%, while Tron, Polkadot, and Polugon all plunged more than 4%.

The overall volume in DeFi is currently $2.52 billion, accounting for 6.64% of the entire 24-hour activity in the crypto market. The total volume of all stablecoins is now $35.98 billion, accounting for 94.89% of the total 24-hour volume of the crypto market.

According to CoinMarketCap, Bitcoin presently has a 48.35% market share. Meanwhile, BTC volume was over $20.34 billion, up 40.38% in the last 24 hours.

Bitcoin has witnessed a bearish trend, going from 27,300 to 25,900. The downward momentum is continuing and appears to be headed towards another significant support level at 25,900, which corresponds to the 78.6% Fibonacci retracement.

It is critical to keep a close eye on the 25,900 level. Failure to break below this level might spark a positive turnaround, pushing the price of Bitcoin towards the 26,700 and 27,400 resistance levels.

Cryptocurrency Price Today

Bitcoin Price Today $25,998

Ethereum Price Today $1,644

Tether Price Today $0.9996

BNB Price Today $214

XRP Price Today $0.505

Cardano Price Today $0.2566

Dogecoin Price Today $0.06364

Solana Price Today $19.86

Polygon Price Today $0.551

Litecoin Price Today $63.85

Polkadot Price Today $4.27

Tron Price Today $0.07724

Shiba Inu Price Today $0.000007986

(Note: Price change in last 24 hours)