Bitcoin's Value Rises to $22,000   Despite Calm Reaction to Inflation Data.

Bitcoin's Value Rises to $22,000 Despite Calm Reaction to Inflation Data

After turning negative earlier in session, the largest cryptocurrency by market capital jumped 3.2% to $22,323 in New York trading. Bitcoin traded above $22,000 as regulators' concerns ease.

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On Wednesday, the cryptocurrency market traded in green. This was due to gains in Bitcoin (BTC), Ethereum(ETH), Binanc (BNB), Cardano (ADA), Solana (SOL) and other coins. Global crypto market cap stands at $1.03T. This is a 2.12% increase over the past day.

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DeFi's total volume is $5.6 billion at the moment, which represents 9.51% of the 24-hour crypto market volume. All stablecoins now total $55.88 trillion, which is 94.94% of the total crypto market 24-hour volume.

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The second largest virtual currency, Ethererum or Ether, rose 9.7 percent to $1,694.9 with a market capitalisation of $207.6 billion. In the last 24 hours, Ethereum traded at $11.4 billion.

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The second largest virtual currency, Ethererum or Ether, rose 9.7 percent to $1,694.9 with a market capitalisation of $207.6 billion. In the last 24 hours, Ethereum traded at $11.4 billion.

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