Crypto Price Today: Bitcoin rises above $28,200; Ethereum holds above $1,550
XRP, Cardano, Dogecoin, Toncoin and Polkadot were trading in the red.
Meanwhile, the global cryptocurrency market cap surged 0.64% to around $1.09 trillion in the last 24 hours.
Bitcoin was up 1.44% at $28,251 as of 12:35 p.m., while Ethereum was just below the $1,600 level.
«Bitcoin’s price touched the $30,000 mark before settling at the $28,000 level following false news published on X (formerly Twitter) about the SEC approving Blackrock’s spot ETF application. The news caused more than $100 million in liquidations,» said Edul Patel, CEO of Mudrex.
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View Details»In other news, Microsoft finalized its acquisition of Activision Blizzard, the company behind games like Call of Duty, Candy Crush, etc. This could mean positive news for the web3 gaming industry and cause a potential uptick in the adoption of cryptocurrencies, Edul said.
Vikram Subburaj, CEO of Giottus Crypto Platform, said, «Bitcoin needs to hold its current level at $28,300 and push for another but sustained breach of $30,000 to continue its bullish momentum.»
In the last 24 hours, the market cap of Bitcoin, the world's largest cryptocurrency, surged to $551 billion. Bitcoin's dominance is currently 50.67%, according to CoinMarketCap. BTC volume increased 122.3% to $25.8 billion.
Tech view by Rajagopal Menon, Vice President, WazirX on the Crypto Market
BTC's Exponential Moving Average for 10-day and 200-day indicate a “Buy” sentiment at 27571 and
