Tokens recoup losses, Bitcoin approaches $27,000, and Ethereum gains 3%

On Wednesday, Bitcoin, Ethereum, and other cryptocurrencies recovered their losses. The worldwide crypto market valuation was $1.12 trillion, with $45 billion in volume in the previous 24 hours.

Bitcoin

Bitcoin, the world’s largest and most popular virtual currency, rose 4.8 percent to $26.988. Its market capitalization was $523.9 billion. The total value of trade was $22.6 billion.

“Bitcoin is currently facing significant resistance near the $27,400 level, while finding support at around $26,400,” says the report.

Ethereum

Ethererum is the second largest virtual currency, rose 3.5 percent to $1,876.5, with a market capitalisation of $225.8 billion. In the last 24 hours, Ethereum’s trade volume was $8.9 billion.

Dogecoin

A meme-based virtual currency, increased by 4.3 percent on Wednesday. Its market capitalization was $9.7 billion. The total trade volume was $425.1 million.

Solana

Solana climbed 2.3 percent to $20.2, with a $8 billion market capitalisation. Solana’s transaction volume in the last 24 hours was $441.6 million.

Shiba Inu

Shiba Inu market capitalisation increased by half a percent to $4.8 billion. In the last 24 hours, the transaction volume was $101.8 million.

Polygon

Polygon, on the other hand, declined 2.3 percent to $0.8 with a market worth of $7.6 billion. In the last 24 hours, the transaction volume was $463.4 million.