Crypto Price Today Live: Bitcoin rises above $30,100; Solana, Litecoin zoom up to 10%

economictimes.indiatimes.com:

cryptocurrency markets were trading higher on Tuesday with an increase of over 4% in the crypto market cap in the last 24 hours. Bitcoin (BTC) rose 6.47% to $30,106, whereas Ethereum (ETH) was above the $1,900 level. BTC volume stood at approximately $23.35 billion, rising 87.02% in the last 24 hours. «Bitcoin has reached a level above US$30,000, which it last saw in June of last year. This rise can be attributed to investor optimism towards this week's U.S inflation data, which could potentially impact the Federal Reserve's monetary policy trajectory,» Edul Patel, Co-founder and CEO at Mudrex, said. «BTC has increased by 6% and is now facing fresh resistance at the US$30,500 level. In the event that BTC fails to overcome this resistance, the next support level would be at US$29,200,» Edul added. Other top crypto tokens were also trading higher. Solana jumped nearly 10%. BNB, XRP, Litecoin and Cardano also traded with gains. The global cryptocurrency market cap was trading higher around $1.23 trillion, rising 4.17% in the last 24 hours.

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The total volume in DeFi is currently 4.44 billion, 9.41% of the total crypto market 24-hour volume. The volume of all stablecoins is now $42.25 billion, which is 89.37% of the total crypto market 24-hour volume. The market cap of Bitcoin, the world's largest cryptocurrency, was around $581 billion. Bitcoin’s dominance is currently 46.99%, an increase of 0.81% over the