“The market seems to have digested the news about Curve Finance being the victim of an exploit. Curve’s CRV token price fell by over 15.87% over the last 24 hours. Ethereum successfully breached the threshold level of $1850 and is now trading at around $1871,” Edul added.

The cryptocurrency markets were trading mixed in Monday’s trade. Bitcoin and BNB were trading with gains, while Ethereum, Tron, Dogecoin, and Polkadot were trading with cuts.

Meanwhile, the global cryptocurrency market cap was trading higher, around $1.19 trillion, rising 0.04% in the last 24 hours.

“After an eventful weekend, Bitcoin’s value slightly rose to the $29461 level. Bitcoin continues to trade in a range between $29000 and $29500 as it has over the last week,” Edul Patel, Co-founder and CEO at Mudrex, said.

“The market seems to have digested the news about Curve Finance being the victim of an exploit. Curve’s CRV token price fell by over 15.87% over the last 24 hours. Ethereum successfully breached the threshold level of $1850 and is now trading at around $1871,” Edul added .

The total volume in DeFi is currently $2.55 billion, 9.50% of the total crypto market 24-hour volume. The volume of all stablecoins is now $23.54 billion, which is 87.65% of the total crypto market 24-hour volume.

The market cap of Bitcoin, the world’s largest cryptocurrency, was around $571 billion. Bitcoin’s dominance is currently 48.23%, an increase of 0.19% over the day, according to CoinMarketCap. BTC volume stood at approximately $10.60 billion, rising 75.44% in the last 24 hours.

“Bitcoin, after making the recent high of $31,804 witnessed some profit booking and the prices dropped to $28,861.9. Post this move, the asset has been consolidating and trading sideways in a narrow range from $29,500 to $29,000 around its 50 Day Moving Average with low volumes,” said the ZebPay Trade desk.

“Bitcoin has very strong support at $28,500. If the price holds and sustains above the support then we can expect the bulls to resume the up move whereas $32,500 will act as a strong resistance. To witness a rally, the asset needs to break and close above the resistance,” it added.

Sathvik Vishwanath, Co-Founder & CEO of Unocoin, said, “BTC is struggling with resistance at $29,600 and a descending trendline on the 4-hour chart. A break of $29,600 may challenge the $30,000 barrier and $30,400 resistance. A break below $29,000 could lead to support at $28,800 and further to $28,250.”

Crypto Cart: Quick Glance (Source: coinmarketcap.com, data as of 1:23 hours, IST on July 31, 2023)

Bitcoin $29,386 0.32%
Ethereum $1,865 -0.55%
Tether $0.9999 -0.02%
BNB $243 0.45%
XRP $0.7059 -0.62%
Cardano $0.3129 -0.72%
Dogecoin $0.07869 -1.51%
Solana $24.5 -1.76%
Polygon $0.6995 -1.68%
Litecoin $93.28 -1.18%
Polkadot $5.18 -1.12%
Tron $0.07901 -4.33%
Shiba Inu $0.000008343 -2.11%

(Note: Price change in last 24 hours)

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own.)