Crypto market update: Ethereum recovery continues

Total cryptocurrency market capitalisation remains flat at $2.57trn

Ethereum traded up by 3.3% to $4,280 (£3,208) by 13:00 (GMT) on Wednesday, having briefly approached $4,000 on Monday. 

The second-largest cryptocurrency in the world’s market capitalisation stood 2.5% higher at $506.3bn, while trading volume fell 4% to $20.5bn. 

Bitcoin stood 0.5% lower at $56,500, a drop of 6.5% over the past seven days. The first and largest cryptocurrency’s market capitalisation stood flat at $1.07trn, while trading volume was down by 12% at $33.8bn. 

The capitalisation of the total cryptocurrency market was also flat at $2.56trn, having briefly dipped to $2.37trn, according to CoinMarketCap. 

Among the other prominent cryptocurrencies, Cardano and Shiba Inu suffered the largest losses, both falling by 6.5%. Crypto.com Coin enjoyed the largest gain, rising by 17% to stand at $0.926. 

Biggest Gainer

Across the wider digital asset space, Ethereum Meta enjoyed the largest gains, rising by 3,388% to $0.0000009812. The cryptocurrency operating on the Ethereum platform has risen by 4,022% from the all-time low it sank to five days ago. However, it trades more than 99.9% below the $0.05132 record high it reached in 2018.

Biggest Loser

Tanuki Token suffered the largest loss, plunging by 71.5% in 24 hours to $0.0002454. The dog token coin has fallen by 84.2% from the $0.001566 all-time high it reached three days earlier. 

All prices correct as of 13:00 (GMT).

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