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In Wednesday’s session, crypto tokens were trading mixed, with a positive bias. Ethereum, XRP, BNB, Cardano, Dogecoin, and Polkadot were trading in the green, while Bitcoin, Solana, Toncoin, and Polygon were trading in the red.

As of 12:05 p.m., Bitcoin was up 1.12% at $35,308, while Ethereum was trading below $1,900.

Other popular altcoins, such as Solana and Toncoin, increased by up to 9%. While BNB dipped 2.4%, Polkadot plunged 8%.

Bitcoin is currently trading about $35,300, while altcoins such as Solana and Toncoin have increased by more than 6% and 11%, respectively. This recent price movement has increased the overall value of the cryptocurrency market to a 16-month high of 1.34 trillion dollars. To maintain its momentum, Bitcoin must break through the $35,700 barrier; else, it may find support near the $34,200 mark.

According to Edul, the present market sentiment is neutral with a positive tilt as a result of altcoin gains.

In the last 24 hours, the global cryptocurrency market cap climbed by 0.18% to roughly $1.33 trillion.

The market capitalization of Bitcoin, the world’s largest cryptocurrency, has risen to $689 billion in the last 24 hours. According to CoinMarketCap, Bitcoin now has a 51.75% market share. BTC volume increased by 43.07% in the last 24 hours to $18.66 billion.

Bitcoin maintained its narrow range, displaying some upside and reaching the $36k barrier before finding support at $35k once more. If Bitcoin reaches $36k, it will set an 18-month high.

Recent Bitcoin market movements imply a period of consolidation, with the $34,990 critical level garnering the attention of day traders. In recent trade, the immediate barrier is around $35,360, which provides a hurdle. If this level is broken, traders should look for resistance at $36,051 and $37,018. On the upside, initial support is located around $34,693, and bearish momentum may lead to additional support levels around $33,281 and $32,481.