ISLAMABAD: The cryptocurrency market turned towards correction on Wednesday, a day after jumping over 5 percent, with the market capitalization losing 2.2 percent to reach $1.79 trillion. As of 1150 hours GMT, the price of Bitcoin, the world’s oldest and most valued cryptocurrency, slipped by 2.1 percent in the last 24 hours to reach $44,457. The market capitalization of the biggest crypto has reached $870.8 billion with this decrease. Bitcoin has been 2.9 percent up in the past seven days. Bitcoin traded above the $45,000 level a day earlier, driven by growing anticipation for the approval of Bitcoin spot ETFs. BTC rose above the $45,000 milestone for the first time after April 2022. Similarly, Ether (ETH), the world’s second-largest cryptocurrency by market capitalization, shed 2.3 percent to reach $2,332. With this decrease in price, the market capitalization of ETH has reached $280.5 billion. ETH has gained 2.3 percent of its value during the last seven days. Ether price made around 88 percent increase last year. Following suit, Binance Coin (BNB) price dipped 2.5 percent to reach $327. The market capitalization of BNB has reached $50.4 billion with this decrease. TLTP
BNB has gained 8 percent of its value during the last seven days.
On the other hand, Solana price decreased by 8.1 percent to reach $105. With this decrease in price, its market capitalization has reached $45.2 billion. SOL has shed 8.5 percent of its value during the last seven days. With this fresh decrease in price, Solana has dropped to the slot of the fourth biggest crypto after BTC, ETH and BNB in terms of market capitalization, leaving the slot for Binance Coin.
In the same way, the price of Ripple (XRP) decreased by 1.3 percent to reach $0.625. The market capitalization of XRP stands at $33.8 billion with this decrease. XRP has shed 0.8 percent of its value during the last seven days.
