Bitcoin, BTC/USD and Ethereum ETH/USD all traded higher on Monday, with Bitcoin surpassing the $28,000 mark and Ethereum trading above the key $1,700 level. Bitcoin SV BSV/USD emerged as the biggest gainer in the previous 24 hours, while GMX GMX/USD recorded the biggest decline.

The global cryptocurrency market capitalization has increased to $1.12 trillion, recording a 2.8% increase in 24 hours. Bitcoin was up 4.2% at $28,338 and Ethereum was up about 2.5% to $1,730 on Monday.

Among the top 10 cryptocurrencies that gained the most in price over the past day were Bitcoin SV BSV/USD with a price of 37.34 USD and a 16.7% increase in 24 hours, THORChain RUNE/USD with a price of 2.17 USD with a increased by 12.2%, and eCash XEC/USD increased by 10.3% to reach a price of 0.00002757 USD. RNDR/USD and Mantle MNT/USD dumps also posted significant gains of 7.6% and 6.5% respectively.

On the other hand, the GMX coin and the GMX/USD exchange rate fell 4% in 24 hours to reach a price of 40.75 USD, followed by Maker and MKR/USD which fell 3.8% to 1,485.68 USD and Chainlink- LINK/ USD with a price decrease of 2.3% to 7.93 USD.

According to CoinStats, buyers are trying to maintain their initiative as Bitcoin (BTC) is one of the biggest gainers today, up 4.22%. On the daily chart, Bitcoin (BTC) price has almost touched the resistance level at $28,757, a mark that plays a key role in the potential mid-term price increase.

Ethereum (ETH), despite a smaller gain, was up 1.82%. However, Ethereum (ETH) price once again failed to overcome the $1,744 level. If today's bar closes in the red zone, a local correction is likely.

XRP coin also saw gains today, up 0.77%. From a technical standpoint, the XRP exchange rate does not yet have enough momentum to make a strong move. However, if the rate remains above the $0.50 zone, growth could continue towards the nearest resistance level at $0.5578 until mid-October.