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The Crypto Today – DOGE, ADA, and SOL Gain Up To 5%

For now, the total crypto market cap hovers around $2.06 levels after losing less than 1% over the past 24 hours. Meanwhile, the global crypto volume lost over 5%, standing at $89.59 billion.

The crypto space saw mixed actions today, Monday, as investors appeared thoughtful after the latest assets rally. Out of the top ten digital coins, six traded higher in today’s early sessions. Solana (the 8th largest crypto for now) led the day’s gainers, surging 5%.

The overall crypto market saw slight losses over the past 24 hours to hover around $2.06 trillion. Similarly, the previous day’s crypto actions had the total market volume dropping by over 5% to stand at $89.59 billion.

CoinSwitch Kuber Chief Business Officer Sharan Nair stated that the past 24 hours saw mixed sentiments in the crypto space. Although the dominant asset, Bitcoin, has seen a slight plunge, Solana extended its impressive performance today.

Meanwhile, the crypto world depicts FOMO as lesser-known virtual assets outperform once more. The recent upside moves come after the industry leaders, Ether and Bitcoin, registered rallies.

The crypto space continues to see increased interest from regulators, financial institutions, and retails. The Cuban government declared its plans to allow crypto payment services in the country. Cuba’s central bank will formulate digital coins regulations and license crypto service providers in the country.

A renowned brokerage in Japan started to offer subscriptions to Italian food delivery. It allows clients to purchase and trade dishes using tokens. Keep in mind that the dishes’ value fluctuates.

Honduras opened its first crypto ATM this week. Bitcoin might enjoy increased demand after the neighboring country, El Salvador, established BTC as a legal tender. Also, Nayib Bukele, the El Salvador president, declared that the plans to install 200 ATMs for crypto enthusiasts.

Tech View

For now, BTC trades near the crucial psychological mark at $50K. According to the daily price chart, BTC breaking over the level will take the leading crypto to its massive resistance at $61K. On the downside, the asset has its initial support at $45K and the 2nd one at $41K.

El Salvador BTC law will be effective in not more than one week. For that reason, most crypto analysts believe the coin will smash the $50K psychological level and rise higher.

Enjoy money-making investments.

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