Crypto Price Today Live: Bitcoin above $24,500; Ethereum, Litecoin rise up to 5%

economictimes.indiatimes.com:

cryptocurrency markets were trading higher in Tuesday's trade. Bitcoin (BTC) rose 9.25% to $24,514 whereas Ethereum (ETH) was above the $1,650 level. BTC volume stood at approximately $48.26 billion, rising 39.89% in the last 24 hours. Meanwhile, the global cryptocurrency market cap was trading higher around $1.08 trillion, rising 5.11% in the last 24 hours. «In the last 24 hours, Bitcoin experienced a surge of almost 10%, surpassing the US$24,000 mark, following the announcement that U.S. regulators have backed Silicon Valley Bank and Signature Bank. This news has given investors, and traders hope that the banking sector's recent near meltdown will prompt the Federal Reserve to ease its monetary hawkishness. As a result, BTC has risen above a floor and reached a two-week high,» Edul Patel, Co-founder and CEO at Mudrex, said. Other top crypto tokens were also trading higher. Dogecoin, Solana, Polygon and Polkadot were trading over 3% higher.

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The total volume in DeFi is currently 8.03 billion, 8.83% of the total crypto market 24-hour volume. The volume of all stablecoins is now $86.66 billion, which is 95.29% of the total crypto market 24-hour volume. The market cap of Bitcoin, the world's largest cryptocurrency, was around $473 billion. Bitcoin’s dominance is currently 43.70%, an increase of 1.41% over the day, according to CoinMarketCap. «The next major level for BTC to break is $25,300 post which