Bitcoin rose over $43,000 and other cryptocurrencies, including Ethereum, were trading in green. The global crypto market was in a stable mode.
Bitcoin was trading 5.19 per cent at $43,025 after the US central bank Chair made a strict monetary policy statement.
The second-largest cryptocurrency by market capitalization after bitcoin, Ethereum was trading at $3,026.
Other cryptocurrencies such as XRP was up by 6.73 per cent, Solana rose 4.41 per cent, Avalanche was up by 4.67 per cent, Cardano was up by 7.79 per cent, and Polkadot rose 6.65 per cent.
Other alt coins Stellar was up by 6.10 per cent, Dogecoin rose by 2.44 per cent, Chainlink was up by 8.42 per cent, Polygon rose by 3.55 per cent, and Shiba Inu was up by 4.57 per cent.
“The global crypto market cap and trading volume rose over the past day even after the hawkish comments from the U.S central bank. Bitcoin and Ethereum are trading above US$41,000 and US$2,900 levels,” Edul Patel, CEO and Co-founder, Mudrex said.
“According to the market cap, most top cryptocurrencies are also running in green. XRP, Cardano, Avalanche, NEAR Protocol, Chainlink have gained more than decent growth. BTC has been trading flat for the past two days, and pullbacks could be limited towards strong support, which holds at US$37,000. The buyers could remain active at lower support levels,” Patel said.