Bitcoin firm above the $23,000 mark. The crypto market was unfazed by Solana attacks, which drained wealth out of 8,000 wallets. Markets digested US House of Representatives Speaker Nancy Pelosi’s visit to Taiwan on August 2, 2022, which caused many investors to stay away from risky assets amid potential US-China tensions.
Barring Bitcoin, Dogecoin and Shiba Inu, all other top crypto tokens were trading with decent gains on Thursday. BNB zoomed over six per cent, whereas Uniswap added three per cent. Other tokens were also mildly up.
The global cryptocurrency market cap was trading higher at $1.07 trillion mark, rising marginally in the last 24 hours. However, the total trading volume dropped more than five per cent, close to $66.69 billion.Expert's take Shivam Thakral, CEO, BuyUcoin said that the crypto market seems to be unaffected by the latest Solana hack as most of the crypto assets ended day trade in the green zone. «Ethereum has delivered healthy returns in the past one month owing to the merged news.
Tokens like XRP, Polkadot, and Polygon have witnessed double-digit growth if we look at the 7-day average,» he added.Global updatesCrypto miners have been showing increasing interest in Ethereum Classic because the Ethereum blockchain is in the process of moving from an energy-intensive proof-of-work system to proof-of-stake, which removes miner incentives. Bitcoin (BTC) remains way below its highs, and reasons for optimism seem scarce. But not for some of the biggest traders, who’ve retained a rosy view.
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