Crypto Price Today: Bitcoin hits $28,800; Litecoin, Cardano soar up to 9%

economictimes.indiatimes.com:

cryptocurrency markets were majorly trading higher on Wednesday. Bitcoin (BTC) surged 8% to $28,840, whereas Ethereum (ETH) was above the $1,800 level. «The crypto market has seen a remarkable surge in trading activity over the past 24 hours, with a total volume of $43.95 billion, representing an impressive 59% increase. Bitcoin has crossed the $28,000 mark due to growing interest from institutions,» Shivam Thakral, CEO of BuyUcoin, said. Other top crypto tokens were also trading higher on Wednesday. Cardano and Litecoin rose up to 9%. Meanwhile, Polygon, Solana, and Polkadot also traded with gains. The global cryptocurrency market cap was trading higher around $1.13 trillion, rising 6% in the last 24 hours. The market cap of Bitcoin, the world's largest cryptocurrency, was around $559 billion. Bitcoin’s dominance is currently 49%, an increase of 0.83% over the day, according to CoinMarketCap. BTC volume stood at approximately $25.85 billion, rising 75% in the last 24 hours.

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«BTC, up 6.9% from yesterday, pushed its $28,000 resistance level and is currently trading above it; new resistance level at $30,000. BTC’s price movement comes at the backdrop of its dominance crossing 50% for the first time in the last two years,» Parth Chaturvedi, Investments Lead at CoinSwitch Ventures, said. Edul Patel, Co-founder and CEO at Mudrex said, «BTC's support now lies at the US$28,450 level while the resistance is at