Crypto market update: Bitcoin dips while ETH and SOL rise

Total cryptocurrency market capitalisation was flat at $2.66trn today

Bitcoin traded down by 1.1% on Wednesday afternoon at $57,808, failing once again to sustain itself above the $58,000 benchmark. 

The world’s first and largest cryptocurrency’s market capitalisation fell by 1% to $1.08trn (£810bn), while trading volume rose by 1.7% to $36.5bn. 

The second-largest cryptocurrency, Ethereum, traded up by 0.4% to $4,689.14, up by 11% in the past week. The cryptocurrency’s market capitalisation stood 0.3% higher at $555bn, while trading volume rose by 21% to $29.1bn. 

Among other prominent cryptocurrencies, Solana, Avalanche and Polygon enjoyed some of the largest gains, rising by 4.3%, 4.6% and 11.8%, respectively. 

Shiba Inu and Dogecoin suffered some of the largest drops, falling by 13% and 3.5%, respectively. 

The capitalisation of the total cryptocurrency market remained flat at $2.66trn, up by $100bn in the past seven days according to CoinMarketCap

Biggest gainer

Across the wider digital asset space, Euro Shiba Inu enjoyed the largest gains, rising by 2,228% to $0.00000000000838. 

Biggest loser

GreenTrust suffered the largest loss, slumping by 90.7% to $0.000000033. The sustainable decentralised blockchain project saw its market capitalisation fall by 90% to $4.2m, while trading volume stood 240% higher at $559,317. 

All prices correct as of 14:00 GMT. 

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