Crypto Price Today Live: Bitcoin rises above $29,000; Cardano, Polkadot surge up to 3%

economictimes.indiatimes.com:

cryptocurrency markets were majorly trading higher on Thursday. Bitcoin (BTC) rose 2.31% to $29,035, whereas Ethereum (ETH) was just below the $1,900 level. BTC volume in the last 24 hours stood at approximately $35.15 billion, rising 84.70% in the last 24 hours. «Concerns about First Republic Bank continued, causing Bitcoin to rise to the US$29,000 range. Bitcoin had surged from a low of US$27,217 the day before, reaching a week-long high and recovering any losses incurred during that time. The support level for Bitcoin is currently US$28,000, with resistance at US$29,400,» Edul Patel, Co-founder and CEO at Mudrex, said. The global cryptocurrency market cap was trading higher around $1.20 trillion, rising 1.18% in the last 24 hours. The total volume in DeFi is currently 5.20 billion, 7.33% of the total crypto market 24-hour volume. The volume of all stablecoins is now $64.06 billion, which is 90.27% of the total crypto market 24-hour volume.

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The market cap of Bitcoin, the world's largest cryptocurrency, was around $557 billion. Bitcoin’s dominance is currently 46.80%, an increase of 0.38% over the day, according to CoinMarketCap. «Bitcoin’s intra-day volatility points to market manipulation on hourly time frames. However, it continues to be range-bound daily with $30,000 being the key resistance level to breach,» Vikram Subburaj, CEO of Giottus Crypto Platform, said. Rajagopal Menon, Vice President