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Bitcoin regains $29,000; Ethereum below $1,600; Solana surges 9%

Bitcoin and other crypto tokens posted better-than-modest gains today after the US Fed chair's commentary last evening, which pushed the treasury yields higher. After a short-lived profit booking, Bitcoin was back in green on Friday as the last crypto token surged more than 3 per cent to regain the 29,000-levels. Ethereum also rose more than 2 per cent but remained below $1,600-level. The crypto market narrative is seemingly shifting more towards the increasing Bitcoin dominance. The global cryptocurrency market cap was trading sharply higher, rising up $1.11 trillion-mark, as it surged about 3 per cent in the last 24 hours. However, the total trading volumes rose about 7 per cent to $42.60 billion.

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