The crypto market turned bullish Wednesday after weeks of low volatility, with leading cryptocurrencies Bitcoin (BTC) and Ether (ETH) successfully breaking above the $20,000 and $1,400 price levels.

ETH has retained support at $1,200, while BTC has found support at the $19,000 price region over the past few weeks.

As per an earlier report, millions have been liquidated in the crypto space in the last 24 hours due to the sudden bullish movement of BTC and ETH.

The trading volume of BTC rose 83.07%, while that of ETH went up 150.50%. The price of BTC surged 4.76%, while ETH was down 10.55%.

BTC and ETH tokens were priced at $20,262 and $1,488, respectively, as of 12:00 a.m. ET, according to data from CoinMarketCap.

The crypto fear and greed index indicated the market was in "fear" as its value rose to 33, the best we have seen in a few months.

BTC has jumped 4.97% in the last seven days, while ETH's price has been up 14.02%.

Other top 10 crypto coins were also bullish, with Binance Coin (BNB) up 4.29% to $286.15, Solana (SOL) up 9.62% to $31.19, Cardano (ADA) up 10.30% to $0.399, Dogecoin (DOGE) up 9% to $0.06585 and Ripple (XRP) up 2.95% to $0.4616.

Additionally, as per the prediction from Bitnation, DOGE token is expected to reach a maximum price of $0.118544 by the year-end, while the XRP token will likely trade around $0.830435 at the same time.

The top gainers included Toncoin (TON), which rose 21.96% to $1.81; Ethereum Classic (ETC), which was up 10.66% to $25.12; Synthetix (SNX), which was up 8.10% to $2.42 and Lido DAO (LIDO), which was up 10.88% to $1.68.

The top losers in the crypto market were Klaytn (KLAY), which was down 4.33% to $0.1971; Axie Infinity (AXS), which slipped 1.11% to $9.10; Aave (AAVE), which was down 1.81% to $82.75 and Aptos (APT), which dropped 4.56% to $8.85.

Other popular tokens that went up were Polkadot (DOT), which jumped 9.35% to $6.49; Avalanche (AVAX), which was up 7.11% to $16.96 and Polygon (MATIC), which rose 4.43% to $0.9319.

Souvenir tokens representing cryptocurrency Bitcoin and the Ethereum network, with its native token ether, plunge into water in this illustration taken May 17, 2022.
Souvenir tokens representing cryptocurrency Bitcoin and the Ethereum network, with its native token ether, plunge into water in this illustration taken May 17, 2022. Reuters / Dado Ruvic
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