Synopsis
Other top crypto tokens were also trading higher. XRP zoomed nearly 12%. Cardano, Polygon and Litecoin were also trading with gains. The global cryptocurrency market cap was trading lower around $1.18 trillion, rising 3.73% in the last 24 hours.
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Explore NowNew Delhi: The cryptocurrency markets were trading higher on Wednesday with a 3.7% increase in the global crypto market cap. Bitcoin (BTC) rose 3.86% to $28,101, while Ethereum (ETH) was above the $1,800 level.
BTC volume stood at approximately $19.07 billion, rising 2.97% in the last 24 hours.
“Most cryptocurrencies rose in the past 24 hours following improved US Consumer Confidence in March. Bitcoin regained its position above the US$28,000 level. BTC has the potential to recover the US$30,000 level it lost during the June 2022 bear market. If BTC continues to stay above US$27,000 and attempts to take by storm the US$28,600, we might see it growing upward,” Edul Patel, Co-founder and CEO at Mudrex, said.
Other top crypto tokens were also trading higher. XRP zoomed nearly 12%. Cardano, Polygon and Litecoin were also trading with gains. The global cryptocurrency market cap was trading lower around $1.18 trillion, rising 3.73% in the last 24 hours.
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View Details »The total volume in DeFi stood at 3.87 billion, 9.02% of the total crypto market 24-hour volume. The volume of all stablecoins was at $38.26 billion, 89.19% of the total crypto market 24-hour volume.
The market cap of Bitcoin, the world’s largest cryptocurrency, was around $542.85 billion. Bitcoin’s dominance is currently 46.11%, a decrease of 0.02% over the day, according to CoinMarketCap.
Rajagopal Menon, Vice President at WazirX said, “Major market oscillators point to a neutral sentiment. The Relative Strength Index (14) sits at 59.93, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) indicate a Neutral outlook as well at 60.21 and 36.76, respectively.”
“The MACD Level (12, 26), at 1164.23, indicates Sell. The Stochastic RSI Fast (3, 3, 14, 14) and the Williams Percent Range (14) continue to be Neutral at 3.75 and −39.55, respectively,” Menon added.
Crypto Cart: Quick Glance (Source: coinmarketcap.com, data as of 12.22 hours, IST on March 29, 2023)
Bitcoin $28,101 3.86%
Ethereum $1,804 4.22%
Tether $0.9999 0.01%
BNB $315.69 1.70%
XRP $0.545 11.88%
Cardano $0.3789 7.82%
Polygon $1.14 7.67%
Dogecoin $0.07584 4.10%
Solana $21.15 5.68%
Polkadot $6.23 5.63%
Tron $0.06517 1.75%
Shiba Inu $0.00001079 3.93%
Litecoin $91.89 5.03%
(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)
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