Bitcoin | The world's largest and most popular virtual currency, Bitcoin, rose half a percent to $30,527.7. Its market value stood at $592.2 billion. The trade volume was at $16.8 billion.
"A break on the upside to test the $31.5k - $33.5k range becomes more likely as long as BTC continues to maintain its position above $30k. Most altcoins except notably Bitcoin Cash, BCH (+5.44%), continued to trade lower as Bitcoin dominance, currently at 51.8 percent, continues to rise. Furthermore, the most traded crypto pair ETH/BTC saw a drop to its 11-month low," said Shubham Hudda, Senior Manager, CoinSwitch.
"This stability is attributed to the positive sentiment surrounding the potential introduction of a Bitcoin ETF and encouraging economic indicators from the U.S. However, there has been observable bearish activity near the $31,000 zone," said Edul Patel of Mudrex.
Ethereum | The second largest virtual currency, Ethererum or Ether, rose 0.4 percent to $1,869.6 with a market capitalisation of $224.8 billion. The trade volume of Ethereum was $8 billion in the last 24 hours.
Dogecoin | Meme-based virtual currency, Dogecoin, rose marginally on Wednesday. Its market value stood at nearly $9.1 billion. The trade volume was at $211.1 million.
Shiba Inu | Unlike its peers, Shiba Inu fell 0.7 percent with a market capitalisation of $4.4 billion. The trade volume was $88.5 million in the last 24 hours.
Solana | Solana fell half a percent to $16.3 with a market capitalisation of $6.5 billion. The trade volume of Solana was $290.7 million in the last 24 hours.
Polygon | Polygon fell 0.8 percent with a market capitalisation of $6 billion. The trade volume was $278.1 million in the last 24 hours.