Crypto Price Today Live: Bitcoin holds above $30k; Solana, Ethereum rise up to 5%

economictimes.indiatimes.com:

«Most cryptocurrencies rose slightly in the past 24 hours after mildly encouraging inflation data on one side and Ethereum Shanghai upgrades on the other. Bitcoin was seen trading above the US$30,000 level, with its resistance set at US$30,500. This shows that the bulls currently have the upper hand in the market. However, the support of BTC lies at the US$29,900 level,» Edul Patel, Co-founder and CEO at Mudrex, said. Other top crypto tokens were also trading higher. Solana surged over 5%. Meanwhile, Polkadot, Litecoin, Dogecoin and Cardano also traded with gains. The global cryptocurrency market cap was trading higher around $1.23 trillion, rising 1.09% in the last 24 hours. The market cap of Bitcoin, the world's largest cryptocurrency, was around $582 billion. Bitcoin’s dominance is currently 47.25%, a decrease of 0.25% over the day, according to CoinMarketCap.

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«Bitcoin (BTC) continues to consolidate above $30,000, which indicates a rally towards $32,000 is possible until it encounters strong resistance. CPI cooling off may also signal the end of the rate hike season, which will bring new liquidity into the markets,» Vikram Subburaj, CEO of Giottus Crypto Platform, said. Rajagopal Menon, Vice President at WazirX said, «Major market oscillators point to a neutral sentiment. The Relative Strength Index (14) sits at 69, with a neutral outlook. The Stochastic %K (14, 3, 3) indicates ‘sell’ at 86 and the