Crypto Price Today: Bitcoin rises above $28,100; XRP, Cardano zoom up to 12%

economictimes.indiatimes.com:

cryptocurrency markets were trading higher on Wednesday with a 3.7% increase in the global crypto market cap. Bitcoin (BTC) rose 3.86% to $28,101, while Ethereum (ETH) was above the $1,800 level. BTC volume stood at approximately $19.07 billion, rising 2.97% in the last 24 hours. «Most cryptocurrencies rose in the past 24 hours following improved US Consumer Confidence in March. Bitcoin regained its position above the US$28,000 level. BTC has the potential to recover the US$30,000 level it lost during the June 2022 bear market. If BTC continues to stay above US$27,000 and attempts to take by storm the US$28,600, we might see it growing upward,» Edul Patel, Co-founder and CEO at Mudrex, said. Other top crypto tokens were also trading higher. XRP zoomed nearly 12%. Cardano, Polygon and Litecoin were also trading with gains. The global cryptocurrency market cap was trading lower around $1.18 trillion, rising 3.73% in the last 24 hours.

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The total volume in DeFi stood at 3.87 billion, 9.02% of the total crypto market 24-hour volume. The volume of all stablecoins was at $38.26 billion, 89.19% of the total crypto market 24-hour volume. The market cap of Bitcoin, the world's largest cryptocurrency, was around $542.85 billion. Bitcoin’s dominance is currently 46.11%, a decrease of 0.02% over the day, according to CoinMarketCap. Rajagopal Menon, Vice President at WazirX said, «Major market oscillators point to a