Over 2% price increases are seen in Bitcoin, Ether, and Dogecoin; Solana and Litecoin experience declines

With the largest and most well-known digital token in the world trading more than 1% higher at $16,827 today, the price of bitcoin increased. Despite rising 2% in the previous 24 hours to $855 billion, the total market valuation of all cryptocurrencies today remained below the $1 trillion threshold, according to statistics from CoinGecko.

The second-largest cryptocurrency, Ether, which is connected to the Ethereum network, climbed more than 2% to $1,253. Shiba Inu’s price rose today by $0.000008 while Dogecoin’s price was nearly 2% higher at $0.07.

As Tether, Stellar, XRP, Cardano, Polkadot, Uniswap, Chainlink, XRP, Solana, Avalance, and Polygon prices were trading with increases over the last 24 hours while Solana, Litecoin, Apecoin, and Tron prices fell, other cryptocurrency prices today also performed well.

Cryptocurrencies were severely impacted by everything from the Federal Reserve’s tightening of policy to the implosions of the Terra/Luna ecosystem, hedge funds Three Arrows Capital, and exchange FTX last year as major central banks around the world raised interest rates to combat historic inflation.

Sam Bankman-Fried is accused of using money from FTX clients to support business venture ventures, opulent real estate acquisitions, and political contributions in Alameda. He entered a not guilty plea on Tuesday in federal court in Manhattan.

In a recent update, cryptocurrency broker Genesis informed clients that it needs additional time to find a solution to the issues at its lending division. The sudden demise of FTX rocked the market for digital assets and caused a liquidity shortage at Genesis.

“While we are committed to moving as quickly as possible, this is a very complex process that will take some additional time. We believe we can arrive at a solution,” interim Chief Executive Officer Derar Islim wrote in a letter seen by Bloomberg News.

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