After the nerves over the weekend, Bitcoin was back in the black as Asia arrived at work on Monday. Coinbase, which recently got a notice from the SEC, was closely followed by cryptocurrency traders, who prevented any significant movement in the market.

However, following the most recent US FOMC rate hikes, sentiment in the cryptocurrency markets is still generally positive. Intriguingly, in the current crypto market, liquidity is a major worry.

Following a dip from its failed attempt to exceed the US$28,000 resistance area last week, Bitcoin maintained its consolidation above the $27,000 support level at the start of the week. Bulls, however, appear to be busy close to the $27,000 support.

BTC’s current level of imminent resistance is $28,150; a break above this level could result in another sizable upsurge.

The price of Bitcoin increased by 1% to trade around $28,000, while the price of Ethereum, the biggest peer, increased by more than 0.50% to surge past $1,750. It didn’t quite reach $1,800, though. Altcoin activity stayed inconsistent.

Bitcoin passed the $29,250 resistance level in the cryptocurrency market, consolidated near $27,800, and then began to rise. Given the present bullish trend, it is possible that Bitcoin’s value will increase even further, reaching $29,250 or even $30,700.

On Monday, the major crypto assets traded with a variety of signals. However, the most well-known digital assets’ price movement was restrained. BNB and Polygon were among the gainers, rising by about 1% each, while Dogecoin, Litecoin, and Cardano experienced comparable declines.

The global cryptocurrency market cap was trading with gains at $1.16 trillion, rising as much as a per cent in the last 24 hours. However, the total trading volumes were almost flat, falling just a per cent to $32.05 billion.

The latest developments at Coinbase may keep investors on their toes in the coming weeks and will have a significant impact on investor sentiment.

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