The cryptocurrency market continued to recover on Wednesday, with Bitcoin BTC/USD, the world’s oldest cryptocurrency, surpassing the $23,000 level.
Although Bitcoin is still trading much lower than its all-time high level of $68,000, but the crypto’s current performance is still better than the low level of $18,000 recorded last month.
Ethereum ETH/USD, the world’s second most valuable crypto, also recorded gains on Wednesday, climbing around 45% over the previous week. One of the main reasons of Ethereum’s price growth is the impending Ethereum merger.
Other popular altcoins, including Solana SOL/USD, Dogecoin DOGE/USD and Ripple XRP/USD, also recording gains during the session.
At the time of writing, the global cryptocurrency market capitalization climbed to $1.06 trillion, notching a 24-hour increase of more than 4%. BTC was trading higher by around 1.5% to $23,660, while ETH climbed around 0.6% to $1,568 on Monday.
Investors are now awaiting earnings results from Abbott Laboratories ABT and Tesla, Inc. TSLA, scheduled for release today.
Here are the top ten crypto gainers and losers over the past 24 hours:
Gainers
- Waves WAVES/USD
Price: $6.50
24-hour gain: 18.9%
- Flow FLOW/USD
Price: $2.06
24-hour gain: 17.8%
- Lido DAO LDO/USD
Price: $1.71
24-hour gain: 16.1%
- Enjin Coin ENJ/USD
Price: $0.6462
24-hour gain: 14.9%
- NEM XEM/USD
Price: $0.05291
24-hour gain: 14.7%
Losers
- Nexo NEXO/USD
Price: $0.7475
24-hour drop: 10.7%
- TerraClassicUSD USTC/USD
Price: $0.04261
24-hour drop: 2.3%
- Curve DAO Token CRV/USD
Price: $1.27
24-hour drop: 1.3%
- Arweave AR/USD
Price: $15.79
24-hour drop: 0.2%
- PAX Gold PAXG/USD
Price: $1,707.68
24-hour drop: 0.1%
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.