ISLAMABAD
The cryptocurrency market turned bearish on Wednesday as investors kept a close eye on developments regarding the US debt ceiling deal, with the market cap losing 2.1 percent to reach $1.18 trillion.
As of 1325 hours GMT, Bitcoin (BTC), the world’s most valued token, decreased to $27,107 with a dip of 2.9 percent in the last 24 hours. The market capitalisation of the biggest crypto reached $525.5 billion with this decrease. Bitcoin has gained 1.5 percent of its value over the last seven days. The world’s oldest cryptocurrency surpassed the $28,000 mark in trading on Tuesday but has since experienced a decline.
Ether (ETH), the world’s second-largest cryptocurrency by market capitalisation, shed 2.2 percent to reach $1,869. With this decrease in price, the market capitalisation of ETH has reached $224.8 billion. ETH has been 2.9 percent up in the past seven days.
Similarly, Binance Coin (BNB) price decreased 1.9 percent to reach $307. With this decrease in price, the market capitalisation of BNB has reached $48.5 billion. BNB has shed 0.6 percent of its value during the last seven days.
On the other hand, Ripple (XRP) price increased 2.3 percent to reach $0.511. The market capitalisation of XRP stands at $26.6 billion with this increase. XRP has gained 12.3 percent of its value during the last seven days.
On the other hand, Cardano (ADA) price dipped 1.7 percent to reach $0.374. Its market capitalisation has reached $13.13 billion with this decrease. ADA has gained 2.4 percent of its value in the past seven days.
Other popular altcoins including Dogecoin (DOGE), Litecoin (LTC), and Solana (SOL) saw a mix of minor gains and dips across the board. Memecoin PEPE continued to see dips, emerging to be the biggest loser of the lot, with a 24-hour dip of over 11 percent.
