Crypto Price Today: Bitcoin hits $24,000; Uniswap & Polygon rise up to 12%

economictimes.indiatimes.com:

Bitcoin topped the $24,000 level, despite the fact that US GDP contracted more than expected. Risk appetite is roaring back but experts believe that it is too quick to jump to any conclusion. Barring the US dollar-pegged stablecoins, all other top crypto tokens were trading higher.

Solana rallied over 9 per cent, whereas Polygon and Uniswap rose over 8 per cent each. Avalanche rallied 7 per cent, whereas Dogecoin added 6 per cent. The global cryptocurrency market cap was trading sharply higher at the $1.10 trillion mark, rising more than 4 per cent in the last 24 hours.

However, the total trading volume jumped almost 16 per cent, close to $107.69 billion.Expert TakeBitcoin and Ethereum rose for another day. Bitcoin topped the $24,000 level in response to the US central bank’s latest interest rate hike and its support is now at $21,000, while resistance is $25,000, said Edul Patel, CEO & co-founder, Mudrex. «The second largest cryptocurrency, Ethereum, rocketed too,» he added.

«If bulls can hold Ethereum at the current level today, we might see it testing the $1,7000 level, which can lead to the $2,000 level in the coming week.»Global updatesNirvana Finance, a Solana-based yield protocol, suffered a $3.5 million exploit utilizing flash loans to manipulate and drain its liquidity pools, blockchain data shows. Beleaguered crypto exchange Zipmex filed applications in Singapore seeking bankruptcy protection amid the threat of legal action from creditors. Digital-asset mining and staking firm Foundry is starting a new supply-chain management service designed to make delivery of bitcoin-mining computers more efficient as the industry is gripped with logistical issues.Tech view by BuyUcoin cryptocurrency exchangeUniswap rallied