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On Wednesday, cryptocurrency prices rose. The global crypto market cap was $809.9 billion, with $27 billion in volume in the previous 24 hours.
Bitcoin, the world largest and most popular virtual currency, rises 0.4 percent to $16,747.3, remaining below $17,000. Its market capitalization was $321.8 billion. The total value of trade was $14.1 billion.
"Bitcoin is attempting to break through the $16,800 resistance level, and if it succeeds, bullish investors may be encouraged to make additional moves. The trade volume increased slightly, indicating that bullish sentiment is currently stronger than bearish sentiment "Mudrex CEO and Co-Founder Edul Patel stated.
Ethererum, or Ether, the second largest virtual currency, was up 2.3 percent at $1,242.2 at the last count, with a market capitalisation of $150 billion. In the last 24 hours, Ethereum trade volume was $3.7 billion.
Patel stated about Ethereum, "The $1,250 barrier has been a point of difficulty for Ethereum. The next point of resistance to keep an eye out for, if it succeeds, would be $1,300."
A virtual currency based on memes, increased 1.2 percent on Wednesday. It had a market value of $9.4 billion. The value of the trade was $299.7 billion.
Solana increased by 25.1% to $13.9 and now has a $5.1 billion market value. In the previous 24 hours, Solana trading volume was $1.3 billion.
Shiba Inu gained 1.5 percent and now has a $4.5 billion market worth. In the previous 24 hours, there were $82.7 million in transactions.
The market capitalization of Polygon increased by 3.5 percent to $0.8, reaching $7 billion. In the previous 24 hours, there were $207.7 million in transactions.