New Delhi: Crypto prices continued to move northwards on Wednesday amid renewed investor confidence, a rise in equities and an upcoming Ethereum merger.
Bitcoin topped the $23,000 mark, whereas Ethereum cooled down a bit after a super strong rally. The merge in Ethereum will shift the protocol from its energy-sapping proof-of-work model to a more environmentally friendly proof-of-stake one.
All the top crypto tokens were trading higher on Wednesday. Cardano surged more than 8 per cent, whereas Bitcoin, Shiba Inu and Avalanche rallied up to 5 per cent each. Solana, XRP and Dogecoin gained 4 per cent each.
The global cryptocurrency market cap was trading higher at the $1.11 trillion mark, rising about 4 per cent in the last 24 hours. However, the total cryptocurrency trading volume jumped close to $131 billion.
