Bitcoin (BTC) surpassed $30,000 on April 11, its highest point since June 2022, and was trading at $30,073 with a market cap of $581.7 billion. Ethereum (ETH) gained 3.1% over the past day to trade at $1,917 with a market cap of $230.9 billion ahead of the Shanghai upgrade scheduled for April 12, which is expected to create selling pressure on ETH. The total crypto market cap rose over 4% to $1.24 trillion, and the total crypto market trading volume reached $47.26 billion. Solana (SOL) recorded the highest gains, rising 9.66% over the past day, while BNB, Cardano, and XRP prices climbed by 4% or more over the past 24 hours. The rise in crypto prices comes ahead of key inflation data due to be released later this week, with traders hoping for a pause in Fed interest rate hikes to boost crypto prices further.

(By Monika Ghosh)