Crypto Price Today Live: Bitcoin holds above $23k; Cardano, XRP rise up to 4%

economictimes.indiatimes.com:

Bitcoin (BTC) rose 1.2% to $23,150, whereas Ethereum (ETH) was just below the $1,600 level. BTC volume in the last 24 hours stood at approximately $22.39 billion, falling 16.25% in the last 24 hours. «Bitcoin has been forming higher lows and higher highs, which may be an indication of a bullish trend. The 50-day moving average has crossed above the 200-day moving average, which could be a signal of a bull market. Additionally, the relative strength index (RSI) remains in the bullish territory above 50, indicating that there is still buying pressure in the market,» Rajagopal Menon, Vice President at WazirX said. Other top crypto tokens were also trading higher on Wednesday. Cardano rose 4.32%. XRP, Dogecoin, Polygon and Litecoin were also trading with gains. The global cryptocurrency market cap was trading lower around $1.05 trillion, rising 1.01% in the last 24 hours.

Did you Know?

SAP has launched a new enterprise on the Metaverse with the aim of accelerating cloud adoption among Indian firms. The interactive and immersive ‘cloud on wheels’ platform will enable customers to experience the full range of SAP’s offerings and reimagine processes for improved business outcomes.

The total volume in DeFi is currently $3.97 billion, 8.60% of the total crypto market 24-hour volume. The volume of all stablecoins is now $42.09 billion, which is 91.15% of the total crypto market 24-hour volume. The market cap of Bitcoin, the world's largest cryptocurrency, hovered around $446.40 billion, with a dominance of about 42.41%, an increase of 0.09% over the day, according to CoinMarketCap. «On Tuesday, Bitcoin and Ethereum remained confined within a narrow range as investors awaited the verdict of the U.S. Federal Reserve on