Crypto prices today Live ; Bitcoin near 17000 ; Solana raised 17%
The cryptocurrency market continued to move higher on Wednesday as buying was seen across all major cryptocurrencies.
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Bitcoin celebrated a calm 14th birthday as it hovered around the $16,864 mark, which is a jump of 0.74% from the previous day. Solana continued its mega rally as it surged by over 17% fuelled by positive sentiments around the coin.
The market has started 2023 on a positive note and it is expected to sustain this momentum if we don’t get any surprising news headlines," Shivam Thakral, CEO of BuyUcoin said.
Most of the other top crypto tokens were also trading higher on Wednesday.Cardano gained 3.78%. Ethereum, Binance, Dogecoin, Polygon and Litecoin were also trading higher. However, Tether, XRP and Tron were trading lower.
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The global cryptocurrency market cap was trading higher around $818.75 billion, rising 1.22% in the last 24 hours.The total volume in DeFi is currently $2.12 billion, around 6.89% of the total crypto market 24-hour volume. The volume of all stablecoins is now $28.37 billion, which is 92.24% of the total crypto market 24-hour volume.
The market cap of Bitcoin, the world's largest cryptocurrency, hovered around $324 billion, with a dominance of about 39.63%, a decrease of 0.23% over the day, according to CoinMarketCap.
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"Looking at the historical growth of Bitcoin, we find that it has thrived victoriously through multiple bull and bear market cycles. According to data from Glassnodes, close to 60% of circulating Bitcoin hasn't moved in a year. This shows that the trust in the asset remains rock solid. We are confident that Bitcoin will continue to emerge victorious and see greater heights in future," Raj Karkara, COO of ZebPay said.
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Global Updates
Banks should be more careful about the risks of fraud, legal uncertainty and misleading disclosures by crypto firms, U.S. regulators warned on Tuesday, just two months after the collapse of crypto exchange FTX stunned the financial world.
In their first joint statement on crypto, the Federal Reserve, Federal Deposit Insurance Corp (FDIC) and the Office of the Comptroller of the Currency (OCC) said they had concerns with the safety and soundness of bank business models that are highly concentrated in crypto.
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Crypto Cart: Quick Glance (Source: coinmarketcap.com, data as of 12.01 hours, IST on January 04, 2023)
- Bitcoin $16,861.49 0.61%
- Ethereum $1,248.54 2.42%
- Tether $0.9998 -0.01%
- USD Coin $1 -0.01%
- BNB $254.38 3.06%
- XRP $0.3479 0.77%
- Dogecoin 0.07233 0.20%
- Cardano $0.2642 3.72%
- Polygon $0.8018 1.91%
- Polkadot $4.66 2.77%
- Tron $0.05544 -0.06%
- Litecoin $76.79 0.90%
- Shiba Inu $0.000008268 0.79%
- Solana $13.91 17.23%
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