Crypto Price Today Live: Bitcoin above $24,900; Dogecoin, Litecoin surge over 4%

economictimes.indiatimes.com:

cryptocurrency markets were trading higher in Wednesday's trade amid easing worries over bank industry turmoil and release of largely on-target US inflation data. Bitcoin (BTC) rose 1.95% to $24,943 whereas Ethereum (ETH) was above the $1,700 level. BTC volume in the last 24 hours stood at approximately $53.82 billion, rising 12.50% in the last 24 hours. «The UK government bailing out the Silicon Valley Bank has created a positive sentiment within the investment community and which may have increased buying activity. As per the latest data, US consumer inflation has slowed down but it’s still on the higher side which may drive Fed to continue its hawkish stance. If the macroeconomic factors continue to remain favourable then we may see Bitcoin testing $30,000 level very soon,» Shivam Thakral, CEO of BuyUcoin, said. Other top crypto tokens were also trading higher. Dogecoin, Solana, Polygon and Polkadot were trading over 3% higher. Meanwhile, the global cryptocurrency market cap was trading higher around $1.10 trillion, rising 2.24% in the last 24 hours.

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The total volume in DeFi is currently 9.46 billion, 9.35% of the total crypto market 24-hour volume. The volume of all stablecoins is now $94.39 billion, which is 93.29% of the total crypto market 24-hour volume. The market cap of Bitcoin, the world's largest cryptocurrency, was around $480.19 billion. Bitcoin’s dominance is currently 43.68%, a decrease