Crypto Price Today: Bitcoin rises above $28,300; Solana, Litecoin surge up to 4%

economictimes.indiatimes.com:

cryptocurrency markets were trading higher on Wednesday, with an increase of 2.7% in the crypto market cap in the last 24 hours. Bitcoin (BTC) rose 3.48% to $28,369, whereas Ethereum (ETH) was above the $1,850 level. BTC volume in the last 24 hours stood at approximately $18.85 billion, rising 12.94% in the last 24 hours. «Bitcoin is at $28,300. Its recent surge is due to technical buying and a short-term buy signal, while macro risk events could impact sentiment. Long-term indicators suggest a new bull market,» said Sathvik Vishwanath, Co-Founder & CEO of Unocoin. Other top crypto tokens were also trading higher on Wednesday. Solana jumped over 4%. BNB, XRP, Litecoin and Cardano also traded with gains. The global cryptocurrency market cap was trading higher around $1.19 trillion — rising 2.71% in the last 24 hours.

Did you Know?

SAP has launched a new enterprise on the Metaverse with the aim of accelerating cloud adoption among Indian firms. The interactive and immersive ‘cloud on wheels’ platform will enable customers to experience the full range of SAP’s offerings and reimagine processes for improved business outcomes.

The total volume in DeFi is currently 3.52 billion, 8.6% of the total crypto market 24-hour volume. The volume of all stablecoins is now $36.67 billion, which is 89.62% of the total crypto market 24-hour volume. The market cap of Bitcoin, the world's largest cryptocurrency, was around $549 billion. Bitcoin’s dominance is currently 46.39%, an increase of 0.42% over the day, according to CoinMarketCap. Rajagopal Menon, Vice-president at WazirX, said, «Major market oscillators point toward a neutral sentiment. The Relative Strength Index (14), one of the key indicators, sits at 51, with a