Bitcoin Hits Resistance at $28K: Liquidity Concerns Rise

• The crypto market cap saw net inflows of around $10 billion and is currently at $1.16 trillion.
• Bitcoin’s market cap increased by 0.88% to $540.81 billion, while Ethereum’s decreased by 0.32% to $216.37 billion.
• XRP recorded the highest gain of 2.04%, while Polygon and Cardano posted the highest loss of 1.5% and 1.46%, respectively.

Crypto Market Update

The cryptocurrency market cap saw net inflows of around $10 billion over the last 24 hours and currently stands at $1.16 trillion — up 0.16%. During the reporting period, Bitcoin’s market cap increased by 0.88% to $540.81 billion — while Ethereum’s market cap decreased by 0.32% to $216.37 billion except for Bitcoin, BNB, and XRP which recorded gains during the reporting period with XRP seeing the highest gain of 2.04%, while Polygon and Cardano posted the highest loss of 1.5% and 1.46%, respectively.

Bitcoin

In the last 24 hours, Bitcoin increased by 0