Bitcoin, Dogecoin and Litecoin Surge Over 4%; Bitcoin Price Exceeds $24,900 in Current Live Crypto Price.
Cryptocurrencies were up in trading on Wednesday as concerns over bank industry turmoil eased and US inflation data was largely on-target. Bitcoin rose 1.95% to $24,943, while Ethereum surpassed the $1,700 level. Other major cryptocurrencies, including Dogecoin, Solana, Polygon, and Polkadot, were trading more than 3% higher. The global cryptocurrency market cap rose by 2.24% to about $1.10 trillion in the last 24 hours. According to BuyUcoin’s CEO Shivam Thakral, positive sentiment was fueled by the UK government’s bailout of Silicon Valley Bank as well as macroeconomic factors that could push bitcoin past the $30,000 level. Meanwhile, the market cap of bitcoin was at approximately $480.19 billion, and its dominance was at 43.68%. However, a break below bitcoin’s immediate support level of $25,125 could open up further selling space up to the $23,750 level, warned Sathvik Vishwanath, Co-Founder CEO of Unocoin.
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