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Bitcoin below $35,000; Ethereum holds $1,900; Altcoins rally up to 6%

Bitcoin and other crypto tokens continued their bullish momentum on Thursday as the oldest crypto asset hit a 17-month high after the Fed's dovish tone. Crypto tokens posted big gains following the completion of one year of Sam Bankman-Fried's crypto empire- FTX exchange. Bitcoin was trading in red as the largest crypto token edged marginally lower, less than half-a-per cent but remained below 35,000-levels. Ethereum was also seen in green, slightly up and hovered around $1,900-level. The global cryptocurrency market cap was trading modestly higher. However, the total trading volumes increased more than 6 per cent to $40.46 billion.

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