Previous article Bitcoin price jumps to $28.5k as XRP hits 10-month high Next article Worlds First Bitcoin ICO Presale Ends 15th March Buy Now Buy Now Worlds First Bitcoin ICO Presale Ends 15th March Buy Now Buy Now Home Latest Cryptocurrency News Bitcoin price jumps to $28.5k as XRP hits 10-month high Bitcoin price jumps to $28.5k as XRP hits 10-month high By Benson Toti - min read 29 March 2023 Bitcoin has recovered from lows of $26,690 reached after Binance-related regulatory news. XRP has outperformed after breaking above $0.50, while Ethereum reclaims $1,800. Bitcoin faces tough resistance at $28k-$30k. Bitcoin price is back above $28,000, trading as high as $28,600 on Wednesday morning as crypto looked to shake the downward pressure injected by this week’s regulatory related news. After the BTC price fell to lows of $26,690 following the CFTC charge against Binance CEO Changpeng Zhao and his crypto exchange, bulls have managed a 6% jump in the past 24 hours to push Bitcoin to the crucial $28,000 level. The gains for BTC have also come amid a broader crypto market upside, as traders shed the regulatory anxiety amid news that Hong Kong regulators were looking to make the city state a digital asset hub by encouraging banks to extend finance services to Bitcoin and cryptocurrency companies. Bitcoin bulls now face the task of breaching the thick resistance wall between the $28k and $30k zone, which could open the path to the highest price since June 2022. Another flip lower could bring back the $25k support area into play, but crypto analyst Rekt Capital suggests dips with a monthly close above the zone would be a healthy retest. It's possible that #BTC could start the month of April with some downside But as long as $BTC Monthly Closes above ~$25000, that downside would constitute a healthy retest attempt of the then-broken Macro Downtrend#Crypto #Bitcoin — Rekt Capital (@rekscapitaI) March 29, 2023 XRP outperforms as Ethereum eyes $2,000 As BTC looks to retest YTD highs, XRP was outperforming most altcoins in top 50 market cap category as it exploded above $0.50. At the time of writing, XRP was poised above $0.56, having tested bears around $0.58. XRP/USD is 16% up in the past 24 hours and 45% this past week as buyers target the key $0.60 level ahead of what could be a make or break few days – given the highly anticipated end to the Ripple Labs versus US Securities and Exchange Commission (SEC) case. Ethereum is also trending higher, up more than 5% in the past 24 hours and above $1,800. The gains come after bullish sentiment seeped into the market following CFTC indications of ETH being a commodity. It also follows recent confirmation that the Shapella upgrade will happen on 12 April 2023. Community anticipation for ETH withdrawals could aid the price of Ethereum to jump to the psychological $2,000 level. Share this article Categories Markets Tags BTC ETH XRP