Crypto Price Today: Bitcoin rises above $27,300, Litecoin jumps over 7%

economictimes.indiatimes.com:

cryptocurrency markets were trading higher on Monday amid encouraging macro factors and under-control inflation. Bitcoin (BTC) rose 1.82% to $27,335, whereas Ethereum (ETH) was above the $1,800 level. BTC volume stood at approximately $11.9 billion, rising 25.5% in the last 24 hours. «Bitcoin recovered a bit, gaining over 1% in the past 24 hours after experiencing a downward trend the last week due to industry-focused and macroeconomic uncertainties. BTC’s immediate resistance is at US$27,400 and then US$27,800 which might start a decent increase. Whereas the support lies at US$27,000,» Edul Patel, Co-founder and CEO at Mudrex, said. Other top crypto tokens were also trading higher on Monday. Litecoin Surged by over 7%. BNB, Polygon, Dogecoin and Solana were also trading with gains.

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The global cryptocurrency market cap was trading lower around $1.14 trillion, rising 1.42% in the last 24 hours. The total volume in DeFi is currently 1.66 billion, 6.3% of the total crypto market 24-hour volume. The volume of all stablecoins is now $23.33 billion, which is 88.41% of the total crypto market 24-hour volume. The market cap of Bitcoin, the world's largest cryptocurrency, was around $529 billion. Bitcoin’s dominance is currently 46.48%, an increase of 0.19% over the day, according to CoinMarketCap. «Bitcoin recovered after a steep fall of around 11% last week taking the total crypto market cap to $1.14