SUMMARY
Cryptocurrencies traded mixed on Wednesday. The global crypto market cap stood at $855.1 billion, with a volume of nearly $35.7 billion in the past 24 hours. “Since the situation remains a little uncertain with volatility reducing, it means both bulls and bears do not have the power to make a move,” according to Edul Patel, CEO and Co Founder of Mudrex.
1 / 8Bitcoin | The world’s largest and most popular virtual currency, Bitcoin, rose 0.2 percent to $17,060.6. Its market value stood at $327.8 billion. The trade volume was at $19.5 billion.
2 / 8“The target for BTC buyers is that the $17,240 level will signal the price recovery,” said Edul Patel, CEO and Co Founder of Mudrex.
3 / 8Ethereum | The second largest virtual currency, Ethererum or Ether, rose 0.1 percent to $1,266.4 with a market capitalisation of $154.9 billion. The trade volume of Ethereum was $5.2 billion in the last 24 hours.
4 / 8On Ethereum, Patel said, “The price break above the $1,300 level can instill confidence in the buyers.”
5 / 8Dogecoin | Meme-based virtual currency, Dogecoin, fell 1.8 percent on Wednesday. Its market value stood at $13.3 billion. The trade volume was at $525.4 million.
6 / 8Solana | Solana rose 0.8 percent to $14.1 with a market capitalisation of $5.3 billion. The trade volume of Solana was $266.7 million in the last 24 hours.
7 / 8Shiba Inu | Shiba Inu fell 0.5 percent with a market capitalisation of $5.1 billion. The trade volume was $96.8 million in the last 24 hours.
8 / 8Polygon | Polygon fell 0.3 percent to $0.9 with a market capitalisation of $8 billion. The trade volume was $221.9 billion in the last 24 hours.
