On Wednesday, the majority of cryptocurrencies gained. The global crypto market cap was $857.8 billion, with nearly $35 billion in volume in the previous 24 hours.

Bitcoin
Bitcoin, the world’s largest and most popular virtual currency, gained 1.5 percent to $17,457.2. Its market capitalization was $336.3 billion. The total value of trade was $15.9 billion.

“This bitcoin surge could be attributed to the accumulation of whales over the last two days. If bitcoin continues to rise, it could reach the $17,500 resistance level by the end of the week “Mudrex CEO and Co-Founder Edul Patel stated.

Ethereum
Ethererum the second largest virtual currency, rose nearly 1% to $1,337.4 with a market capitalisation of $163.7 billion. In the last 24 hours, Ethereum’s trade volume was $5.8 billion.

Patel stated about Ethereum, “Following the successful implementation of the Merge, Ethereum is preparing to launch its Shanghai public testnet in February. This should improve the Ethereum network’s ability to handle high-volume transactions while also lowering costs.”

Dogecoin
A meme-based virtual currency, rose 0.9 percent on Wednesday. Its market capitalization was $10.3 billion. The total trade volume was $483.5 million.

Shiba Inu
Shiba Inu market capitalisation increased by 4% to $5 billion. In the last 24 hours, the trade volume was $420.2 million.

Solana
Solana dropped nearly 1% to $16, with a market cap of $6 billion. Solana’s trade volume in the last 24 hours was $819 million.

Polygon
Polygon’s market capitalisation increased by 1.1 percent to $7.5 billion. In the last 24 hours, the trade volume was $245.7 million.

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