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Wednesday morning saw a small rise in the price of digital gold. The price of one bitcoin is equilibrating at $16,836 at the time of writing. Despite registering consistent gains and setting seven-day highs during the previous two trading days, the cryptocurrency ended Tuesday's trading session in negative territory.
The minimum price of Bitcoin for the past day was $16,622, according to CoinMarketCap, a website for tracking the prices of digital assets.
By the way, the coin's value dropped 3.3% in December 2022. The value of the BTC has decreased by roughly 65% since January of last year. At the same time, the cryptocurrency's price has dropped by more than 70% since November 2021, when it updated the historical record. Many other virtual assets have also fallen significantly from their previous levels at the same time.
Crypto Market
The primary rival to Bitcoin, Ethereum, also saw a slight increase on Wednesday. The price of the coin is $1,226 as of this writing.
Except for the Tether stablecoin, all cryptocurrencies from the top 10 by market cap were traded in the green on the previous day. Ethereum (+0.91%) experienced the best results at the same time.
The cryptocurrency Ethereum (+1.01%), one of the top ten strongest digital assets, led the growth list according to last week's findings, and XRP (-5.14%) dominated the decline list.
The Solana token took the first spot in the list of the rise among the top 100 most capitalized digital assets over the last day, according to CoinGecko, the largest global aggregator of data on virtual assets, and the OKV coin performed the worst (-2.57%).
According to the previous week's results, the digital asset Chain (-15.81%) had the worst performance among the top 100 most powerful digital assets, while BitDAO (+37.46%) had the best.
According to CoinGecko, as of Wednesday morning, the overall market capitalization of cryptocurrencies was $772.008 billion, failing to cross the crucial $800 billion threshold. The indicator increased by 1.57% over the previous day.
Since November 2021, when it surpassed $3 trillion, the entire market capitalization of cryptocurrencies has more than tripled.
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