KEY POINTS

  • Bitcoin, Ether back in green as prices rise again
  • Meme cryptos Dogecoin, Shiba Inu also see a jump in prices
  • Cardano price continues to slide

Top coins Bitcoin and Ethereum finally got back in the green as prices saw a slight jump in the last 24 hours. Meme cryptocurrencies Dogecoin and Shiba Inu also saw a rise in prices after experiencing a plunge in the last couple of days.

While Bitcoin was up by 0.37% in the last 24 hours at $64,913, Ethereum rose by 1.55% to $4734.15, as of 3.40 a.m. ET. Both BTC and ETH had experienced a slight cooldown in the last couple of days after hitting their respective record highs Tuesday.

The global crypto market cap is $2.83 trillion, a slight 0.39% decrease compared to the last 24 hours, according to CoinMarketCap.

Among other top coins, Binance Coin and Tether saw an uptick in prices as BNB rose 0.24% in the last 24 hours to $626.51, and USDT rose 0.02% to $1.00 in the same time period.

Meme cryptos are also back in the green after a plunge in prices in the last few days. Dogecoin rose 1.13% in the last 24 hours to $0.2617 while Shiba Inu saw a whopping rise of 4.22% in price and was trading at $0.00005354.

Cardano, which ranked number 4 Tuesday, has again fallen to number 7 in the top cryptocurrencies chart. In the last 24 hours, its price has come down 2.03% to $2.07. Similarly, Solana dropped 4.35% in the last 24 hours to $231.09 and it is ranking number 5 on the chart.

Polkadot also saw a 3.05% drop in price in the last 24 hours and is now trading at $46.65.

The crypto market is extremely volatile and experts recommend investors not make decisions based on the sudden shift in prices.

The new infrastructure bill makes it clear the government has authority to collect taxes from cryptocurrency trading as it does from traditional assets
The new infrastructure bill makes it clear the government has authority to collect taxes from cryptocurrency trading as it does from traditional assets AFP / Ozan KOSE
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