Bitcoin, the world’s largest cryptocurrency, declined on Wednesday to its lowest level in one and a half weeks, as investors booked profits days after the coin hit a record high. However, the digital currency is still on track for the best month since February.
Dogecoin lost its number 10 position on the table as Shiba Inu surged over 73 percent to climb to number 9 rank. USD Coin has slipped to number 10 for now. Shiba Inu has risen 200 percent in the last seven days. Dogecoin, on the other hand, slipped over 8 percent.
A. Top 10 cryptocurrencies by market cap
| Cryptocurrency | Current market price | 24-hour change |
| Bitcoin | $59,142 | -2.30% |
| Ether | $4,016 | -4.05% |
| Binance Coin | $456 | -5.15% |
| Tether | $1 | 0.04% |
| Cardano | $1.95 | -8.95% |
| Solana | $190 | -6.20% |
| XRP | $1.10 | -9.7% |
| Polkadot | $41 | -8.29% |
| Shiba Inu | $0.00008533 | 74% |
| USD Coin | $1 | 0.01% |
On Thursday, the crypto market’s total market cap – the barometer of the overall health of crypto market – declined nearly 4 percent to $2.47 trillion. Meanwhile, Bitcoin’s dominance in the market rose by over half a percent to 44.87 percent.
B. Top crypto news updates
El Salvador adds $25 million in bitcoin to state coffers
The Salvadoran government acquired 420 more bitcoin on Wednesday, President Nayib Bukele announced on social media, as it doubled down on its splashy cryptocurrency experiment. The latest purchase of bitcoin, worth nearly $25 million at current prices, marks the first government acquisition of the cryptocurrency since Sept. 20, when Bukele said it had bought 150 bitcoins.
US SEC will not greenlight leveraged bitcoin fundÂ
The US Securities and Exchange Commission (SEC) has asked at least one asset manager to scrap plans for a leveraged bitcoin exchange-traded fund, the Wall Street Journal reported Wednesday, citing a person familiar with the matter.
Elon Musk’s Tesla mulls accepting Bitcoin as payment for cars again
Ether may rise 22 percent by year-end
A panel of fintech specialists have predicted Ether, the number two coin, may hit $5,114 by the end of the year, rising over 22 percent from current levels, a report by coinmarketcap.com said.
C. Top traded coins
| Cryptocurrency | Current market price | 24-hour change |
| Shiba Inu | $0.000084 | 70% |
| XRP | $1.01 | -9% |
| Solana | $190 | -6% |
D. Top 3 gainers
| Cryptocurrency | Current market price | 24-hour gain |
| Shiba Inu | $0.000084 | 70% |
| Curve DAO Token | $5.40 | 17% |
| Polygon | $1.92 | 6% |
E. Top 3 losers
| Cryptocurrency | Current market price | 24-hour loss |
| NuCypher | $0.9047 | -18% |
| The Graph | $0.9409 | -13% |
| Band Protocol | $8.53 | -13% |
(Data is sourced from coindesk.com)
(With inputs from agencies)
