Bitcoin hits three-week high

On the morning of May 29, the bitcoin rate rose above $ 28,300, updating a three-week high from May 8. According to CoinGecko, at the time of writing, BTC is trading at $ 28,000, with a daily gain of 2.7%.

The total market capitalization of cryptocurrencies increased by 2.4% to $ 1.21 trillion over the day, with a daily trading volume of $ 39 billion. Ethereum rose by 3.2% to $ 1,903 in 24 hours, Polygon (MATIC) by 0.7% to $ 0.93, and Cardano (ADA) by 0.7% to $ 0.37. XRP (XRP) is up 1.6% to $ 0.48, Solana (SOL) is up 1.3% to $ 20.76.

The Fear and Greed Index rose from 50 to 52 points out of 100. The indicator remains in the range of neutral sentiment, but indicates a slight increase in market participants' interest in buying digital assets.

Over the past day, 35,000 traders' positions totaling $ 129 million were liquidated on crypto exchanges. According to Coinglass, 80% of them were shorts. Bitcoin orders accounted for $ 53.9 million, Ethereum — $ 27 million, and TomoChain (TOMO) is in third place, with $ 2.6 million in positions liquidated.

Investors are waiting for the US labor market report for May, which will be published on June 2. This report is important for the Fed before the FOMC meeting on June 14, and its results may affect the dynamics of bitcoin and other cryptocurrencies.