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Apr 11,2023

Bitcoin soars above $28,300, Dogecoin and Ethereum both see a 2% increase

Cryptocurrency markets were trading higher. Ethereum (ETH) was trading above the $1,850 mark while Bitcoin (BTC) increased by 1.37% to $28,300. BTC volume increased 30.14% over the last 24 hours to reach about $12.43 billion.

"Over the weekend, most cryptocurrencies increased as markets responded to the non-farm payrolls report, which revealed that the U.S. economy added 236,000 jobs in the previous month. Bitcoin had risen again above US$28,000.

"BTC's support is currently at US$27,900, while US$29,200 acts as its resistance. Ahead of the Shanghai update slated for April 12, Ethereum, on the other hand, is seeking to climb towards the US$1,900 mark and is now trading flat at the US$1,850 level.

The price of other popular crypto currencies was also rising. Up to 2% was added to BNB, Dogecoin, Solana, and Shiba Inu. The market capitalization of all cryptocurrencies was up roughly $1.18 trillion, or 0.85%, over the previous day.

3.41 billion, or 11.56% of the 24-hour volume of the entire crypto market, is the total volume of DeFi at the moment. Stablecoin volume as a whole is currently $25.94 billion, or 87.82% of the 24-hour volume of the entire crypto market.

The biggest cryptocurrency in the world by market cap, Bitcoin, was valued at about $547 billion. 

According to CoinMarketCap, the market share of Bitcoin is currently 46.17%, up 0.09% from the previous day.

"If Bitcoin is able to overcome its present barrier, the price could rise significantly, possibly hitting $28,900 or even $29,250. However, if the decline persists, major support might be found between $26,500 and $25,500.

Cryptocurrency Price 

Bitcoin $28,300 1.37%

Ethereum $1,860 1.25%

Tether $0.9998 0.01%

BNB $312.96 0.83%

XRP $0.5049 0.10%

Cardano $0.3876 0.28%

Polygon $1.10 -0.38%

Dogecoin $0.08302 1.48%

Solana $20.26 1.20%

Polkadot $6.18 0.61%

Shiba Inu $0.00001094 0.83%

Litecoin $90.56 0.39%

Tron $0.06668 0.99%

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