Crypto Price Today Live: Bitcoin rises above $28,800; Litecoin, Tron surge up to 8%

economictimes.indiatimes.com:

cryptocurrency markets were trading higher on Friday. Bitcoin (BTC) rose 2.21% to $28,262, whereas Ethereum (ETH) was above the $1,800 level. BTC volume in the last 24 hours stood at approximately $22.93 billion, falling 29.05% in the last 24 hours. «The crypto market reacted sharply to the interest rate hike announced by Fed in its latest FOMC meeting. Bitcoin was poised to test the $30,000 level but lost steam after Fed continued its hawkish stance to tame soaring inflation. Bitcoin recovered from the Fed shock today and is back above the $28,000 level, while Ethereum and other digital assets showed a similar upward trend,» Dhruvil Shah, SVP of Technology at Liminal, said. Other top crypto tokens were also trading higher on Friday. Litecoin surged over 8%. Dogecoin, XRP and Tron were also trading with gains. The global cryptocurrency market cap was trading higher around $1.18 trillion, rising 2.24% in the last 24 hours. The total volume in DeFi is currently 4.31 billion, 7.94% of the total crypto market 24-hour volume. The volume of all stablecoins is now $49.85 billion, which is 91.78% of the total crypto market 24-hour volume.

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The market cap of Bitcoin, the world's largest cryptocurrency, was around $547 billion. Bitcoin’s dominance is currently 46.22%, an increase of 0.01% over the day, according to CoinMarketCap. Bitcoin's technical analysis shows an uptrend with resistance at $28,950 and support