With a rise in the market capitalization of cryptocurrencies of more than 4 percent over the previous day, the cryptocurrency markets were trading higher on Friday, April 14.  Bitcoin (BTC) rose 2.30 percent to USD 30,786, whereas Ethereum (ETH) surged 10.5 percent, and was above the USD 2,100 level.

"Despite some anticipating a sharp drop after the Shapella upgrade, ETH has increased by over 10 percent in the last 24 hours and is currently trading in the USD 2.1k range. Bitcoin is also rising to try to reach the USD 31k level. According to Parth Chaturvedi, the crypto ecosystem lead at CoinSwitch, "the cryptocurrency fear and greed index has increased 7 points to regain the scoring for 68, hinting towards increasing investor confidence."

The price of other popular crypto tokens increased on Friday as well. Dogecoin increased by almost 9 percent. Additionally trading with gains were BNB, XRP, Litecoin, Solana, and Cardano. The market capitalization of all cryptocurrencies was up nearly USD 1.28 trillion on the previous day, or 4.25 percent.

The market value of Bitcoin, the biggest cryptocurrency in the world, was over USD595 billion. According to CoinMarketCap, the market share of Bitcoin is currently 46.30 percent, a drop of 0.95 percent from the previous day.

"Over the past 24 hours, Bitcoin has risen above the USD 30,800 barrier as the cryptocurrency markets have continued to reacted to the most recent US inflation report. BTC has a USD30,400 support level and a USD30,800 resistance level, said Edul Patel, co-founder and CEO of Mudrex.

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