Crypto Price Today: Bitcoin rises above $30,700; Solana, Litecoin jump over 14%

economictimes.indiatimes.com:

cryptocurrency markets were trading higher in Friday's trade amid robust economic data from the US, which eased fears of a slowdown, and amid news that Fidelity Investments has refiled for spot Bitcoin ETF. Bitcoin (BTC) surged 1% to $30,657, whereas Ethereum (ETH) was above the $1,850 level. BTC volume stood at approximately $17.3 billion, rising 28.5% in the last 24 hours. «Bitcoin traded over the US$30,600 level gaining nearly 2% in the past 24 hours as the market reacted to Fidelity Investments refiles for spot Bitcoin ETF. Market sentiment was also influenced by the news of Microstrategy buying an additional $374 million worth of Bitcoin,» Edul Patel, Co-founder and CEO at Mudrex, said. BTC's immediate resistance is at the US$30,750 level, and support is at the US$30,420 level, Edul added.

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Other top crypto tokens were also trading higher on Friday. Solana and Litecoin rose over 14%. Meanwhile, BNB, XRP, and Polygon also traded with gains. The global cryptocurrency market cap was trading higher, around $1.19 trillion, rising 1.82% in the last 24 hours. The market cap of Bitcoin, the world's largest cryptocurrency, was around $595 billion. Bitcoin's dominance is currently 50.15%, a decrease of 0.25% over the day, according to CoinMarketCap. «Crypto markets have traded sideways in the last 24 hours, even amidst rekindled inflationary concerns and proposed Fed rate hikes. The crypto fear and greed