Cryptocurrencies are traded on Wednesdays. The global crypto market capitalization stands at $855.1 billion, with volume approaching $35.7 billion in the past 24 hours. “Given that the situation is still somewhat uncertain and volatile, this means that bulls and bears cannot move,” said Edul Patel, CEO and founder of Mudrex.
The world’s largest and most popular cryptocurrency, Bitcoin, rose 0.2% to $17,060.6. Its market value stands at $327.8 billion. The business value is $19.5 billion.
“The target for BTC traders is for the $17,240 level to signal a price recovery,” said Edul Patel, CEO and chief operating officer of Mudrex.
The second largest cryptocurrency, Ethereum or Ether, rose 0.1% to $1,266.4 on a market capitalization of $154.9 billion. Ethereum’s market cap is $5.2 billion in the last 24 hours.
On Ethereum, Patel said, “A price break above the $1,300 level could instill confidence in buyers.”
Cryptocurrency Dogecoin fell 1.8% on Wednesday. Its market value stands at $13.3 billion. The business value is $525.4 million.
Solana rose 0.8% to $14.1 on a market capitalization of $5.3 billion. Solana’s market value is $266.7 million in the last 24 hours.
Shiba Inu fell 0.5% with a market capitalization of $5.1 billion. The trading volume was $96.8 million in the last 24 hours.
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.