The crypto market worth increased by more than 2% in 24 hours as Bitcoin moved back above $28000 and attempted to cross $29000
Bitcoin has risen significantly in 2023 and has continued its bullish run in April as it soared above $28000 in the last 24 hours. It was trading below the level on April 3 but went through an upward trend as the day ended. BTC has gained in 2023 by over 65%, starting the year at just around $16000 and trading above $28000 at present. The latest crypto market worth has brought cheer to crypto investors worldwide and garnered solid market support from bulls.
Ethereum has also had a much better year, gaining by over 49% to trade over $1800. Experts have praised the crypto market’s resilience amidst the turmoil in the global economy and expect the bull run in the market to continue as the year progresses. The crypto market worth has surged this year to almost $1.25 trillion.
Other cryptos such as Solana, Dogecoin, Cardano and Shiba Inu have all risen by high margins in 2023. Though regulation for crypto remains an important call for action, investors worldwide have expressed optimistic sentiments for the market. The trading volume for the top ten tokens in the last quarter of 2022-2023 recorded over $300 million in value.
BTC/USD YTD price chart
Bitcoin is currently trading at around $28500 on April 5, 2023, with BTC/USD up by almost 1.22% in the previous 24 hours. With most cryptos witnessing bullish upward movements on April 5, the crypto market worth could move up throughout the week. BTC/USD is trading higher than its 20-day EMA (26,416.15). Bitcoin’s 24-hour volume stayed at around $15 billion.