Crypto Price Today: Bitcoin tops $23,000; Cardano, Dogecoin, Shiba Inu gain up to 8%

economictimes.indiatimes.com:

Bitcoin topped the $23,000 mark, whereas Ethereum cooled down a bit after a super strong rally. The merge in Ethereum will shift the protocol from its energy-sapping proof-of-work model to a more environmentally friendly proof-of-stake one. All the top crypto tokens were trading higher on Wednesday. Cardano surged about 10 per cent, whereas Avalanche rallied over 8 per cent. Bitcoin and Shiba Inu gained over 6 per cent, whereas XRP added 4 per cent.

Did you Know?

The Shiba Inu team launched a burn portal to help address the issue of the massive supply of SHIB tokens As of June 29, 2022, more than 400 trillion tokens have been burned to cap supply

The global cryptocurrency market cap was trading higher at the $1.12 trillion mark, rising about 5 per cent in the last 24 hours. However, the total cryptocurrency trading volume jumped close to $129 billion.What's cooking in IndiaIndia's biggest crypto exchanges are meeting in Bengaluru, the tech capital of India, to recalibrate their plans for the industry, according to multiple sources. This comes after the Blockchain and Crypto Assets Council (BACC), the advocacy body that represented the industry, was disbanded last week by its parent, the Internet and Mobile Association of India (IAMAI).Expert take«Bitcoin seems to be in a slight uptrend, said WazirX Trade Desk. »PolyDoge token is now supported on the popular cryptocurrency e-commerce platform for shopping. This implies that PolyDoge can now be used to purchase goods from well-known retailers such as Amazon, eBay and Walmart. Non-fungible tokens (NFTs) will continue growing 'significantly," it added.Global updatesRavi Menon, managing director of the Monetary Authority of Singapore, says troubled