The crypto markets saw moderate gains this morning, with Bitcoin rising 1.5% to shoot above the US$24,000 barrier while Ethereum added 3.4%, bringing its price up to US$1,940.
The crypto markets as a whole currently stand at US$1.17tn, making for a 2.25% day-on-day increase.
Large-cap meme coins continued to trend, with Dogecoin enjoying double-digit gains, bringing its market cap to the better part of US$12bn; the highest it’s been in three months. Its competitor Shiba Inu on the other hand, added a conservative 2.4%.
Bullish blockchain networks this Wednesday morning include Cardano, whose 4.2% rally brought its ADA coin close to US$19.5bn, and Solana, which jumped around 3% to US$15.5bn.
Layer-1 scaling solution Optimism, fan-engagement token Chiliz, and move-to-earn (M2E) project Stepn were the morning’s biggest losers, although chalked-up losses were only between 1% and 2%.
In the decentralised finance (DeFi) space, total volumes across protocols fell 1.5% to US$66.6bn.