Bitcoin Inches Toward $29K; Cardano Leads Gains Among Crypto Majors

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Bitcoin Inches Toward $29K; Cardano Leads Gains Among Crypto Majors
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Bitcoin ($BTC) rose toward $29,000 in the European morning as some investors pointed to expectations of a money injection in the coming weeks after signs of yet another U.S. bank collapse. By shauryamalwa

Bitcoin rose toward $29,000 in European morning hours on Wednesday, with some investors pointing to expectations the Federal Reserve will inject money into the economy in the coming weeks after signs of yet another U.S. bank collapse.

Overall crypto market capitalization grew 4.6%, with the likes of cardano and solana tokens jumping more than 6% to lead gains among major tokens.

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