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Bitcoin regains $29,500; Ethereum below $1,850; Shiba Inu & Solana rise 5% each

Bitcoin and other top crypto tokens were mostly higher on Wednesday ahead of the key economic data due later this week. The entire narrative for Bitcoin has shifted towards the Bitcoin ETF, which is less volatile of late as the $30,000-mark is a critical threshold. But macros continue to weigh. Bitcoin was back in action today as the largest crypto token gained more than 2 per cent to regain 29,500-mark. Ethereum was trading higher, rising more than a per cent but could not race past $1,850-levels. Shiba Inu and Solana gained more than 5 per cent each, while Polygon gained 4 per cent. XRP rose 3 per cent, whereas Cardano, Polkadot and Litecoin added 2 per cent each.

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