Crypto Price Today: Bitcoin holds above $29k; Solana, XRP rise up to 4%

economictimes.indiatimes.com:

Bitcoin (BTC) rose 2.21% to $29,507, whereas Ethereum (ETH) was above the $1,900 level. BTC volume in the last 24 hours stood at approximately $22.95 billion, falling 35.61% in the last 24 hours. «BTC is trading in the $29.5k range, up ~2% in the last 24 hours as unrest in the banking sector resurfaces and US’ economic growth slowdown,» Parth Chaturvedi, Crypto Ecosystem Lead at CoinSwitch, said. The global cryptocurrency market cap was trading higher around $1.21 trillion, rising 1.71% in the last 24 hours. The total volume in DeFi is currently 3.65 billion, 7.88% of the total crypto market 24-hour volume. The volume of all stablecoins is now $40.51 billion, which is 87.47% of the total crypto market 24-hour volume.

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The market cap of Bitcoin, the world's largest cryptocurrency, was around $571 billion. Bitcoin’s dominance is currently 47.10%, an increase of 0.31% over the day, according to CoinMarketCap. «Bitcoin has gained 2.5% in the last 24 hours and is trading at $29,600. Bitcoin could potentially break this level and reach the next resistance level of $30,000, which would present buying opportunities up to $30,800,» Sathvik Vishwanath, Co-Founder & CEO of Unocoin, said. Rajagopal Menon, Vice President at WazirX said, «Major market oscillators point toward a Neutral sentiment. The Relative Strength Index (14), one of the key indicators, sits at 56, with a neutral outlook. The Stochastic %K (14, 3,