The cryptocurrency market extended its gains on Wednesday despite investors booking profits in Dogecoin.
Barring the Dogecoin and dollar-pegged Tether, all eight out of the top 10 digital tokens were trading higher. Ethereum rallied 7 percent, whereas Solana and Polkadot surged 5 percent.
The global crypto market capitalization added a little more than a percent compared with the previous day to reach $2.64 trillion. However, the total crypto market volume jumped about 23 percent to $130.71 billion
A day after Twitter CEO Jack Dorsey resigned, famed tech blogger Jane Machun Wong cracked a way to add Ethereum to Twitter’s Tip Jar feature that is rolling out now. The development is interesting because Dorsey, who has been a major Bitcoin supporter, has refused to invest in Ethereum on multiple occasions.
Sharing a screenshot of the tweaked feature, Wong said she seems to have done her “magic” to enable tipping in Ethereum, which is the world’s second-most valued cryptocurrency after Bitcoin.
Meanwhile, Ethereum, the second-largest cryptocurrency surged is up over 6% at $4,713, according to the data from Coindesk.
Ether has outperformed Bitcoin by the greatest amount this year since the native token of the Ethereum network was launched in 2015 as an alternative to the original cryptocurrency.
The token is making a run toward record highs once again, a rally whose trek was upended at the end of last week amid wider risk-asset turmoil. But after it bounced off its 50-day moving average on Monday, Ether has broken out to the upside and has advanced around 13% since Friday.
As for major cryptocurrencies, Bitcoin fell by 0.49 percent, while Ethereum ($4,699), which surged by 5.17 percent. Binance Coin ($631.40) rose by around 1 percent. Additionally, Solana ($212.43) rose by 3.34 percent, Cardano ($1.57) fell by 2 percent, Avalanche ($126.47) surged by 3.65 percent, Polkadot ($38.19) surged by 3.72 and Litecoin ($209.6) also rose by 2.42 percent.
Memecoins SHIB surged around 8.47 percent, while DOGE declined by 1.36 percent.
The government will introduce the new, re-worked Crypto Bill in Parliament after Cabinet approval, Union Finance Minister Nirmala Sitharaman mentioned yesterday. The Finance Minister also said that NFT regulation is also being discussed.
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