Bitcoin falls below $28,000, Ethereum and other tokens fall

Its global market capitalization fell to $1.14 trillion.

Cryptocurrency markets traded in the red on Monday after better-than-expected April US jobs data. Bitcoin (BTC) fell 2.81 percent to $28,171, while Ethereum (ETH) was below the $1,900 level. The BTC volume in the last 24 hours was about $13.28 billion, falling 11.59 percent in the last 24 hours.

“After US job growth remained strong in April, Bitcoin rose to $29,800 on Saturday. However, Bitcoin and Ethereum fell in the past 24 hours after Binance halted Bitcoin withdrawals for the second time in a day, citing large volumes,” Edul Patel, co-founder and CEO of Mudrex, said.

The global cryptocurrency market capitalization traded higher around $1.16 trillion, falling 2.53 percent in the past 24 hours.

The total volume in DeFi is currently 2.82 billion, 8.45 percent of the total 24-hour volume of the crypto market. The volume of all stablecoins is now $29.28 billion, which is 87.74 percent of the total 24-hour volume of the crypto market.

The market value of Bitcoin, the world’s largest cryptocurrency, was around $545 billion. Bitcoin’s dominance is currently 47.09 percent, a loss of 0.08 percent on the day, according to CoinMarketCap.

Binance had suspended deposits and withdrawals in March due to technical issues, during which time BTC fell by about 1 percent.

For BTC, the exponential moving average of the 10-day EMA indicates selling at 28,733, and the 200-day EMA indicates buying at 24,630. The Simple Moving Average of the 10-day SMA indicates selling at 28,828, and the 200-day SMA indicates buying at 22,139 .

Rajagopal Menon, Vice President at WazirX said: “Major market oscillators point to neutral sentiment. Relative Strength Index (14) stands at 47, with neutral outlook. Stochastic %K (14, 3, 3) at 50 and Average Directional Index (14) at ​​16 also indicates a neutral outlook.”

“MACD level (12, 26), at 83, indicates selling. Stochastic RSI Fast (3, 3, 14, 14) is neutral at 31 and Williams percentage is neutral at -63 as well,” Menon added.

At 11:00 a.m. on May 9, these were the prices of the top cryptocurrencies (data from WazirX):