The Crypto Market is Experiencing Constant Fluctuations Among the Leading Cryptocurrencies

Bitcoin has finally found a stable footing, gaining 1.10% value in the past 24 hours. Ethereum, on the other hand, is the only crypto among the top assets that has lost value on Wednesday.

Bitcoin finally found a stable footing on Wednesday after experiencing a roller coaster ride over the past couple of days. The world’s largest cryptocurrency gained 1.10% value during the past 24 hours. However, the coin is still down 10.89% from last week.

On the other hand, Ethereum was the only crypto among the top assets that lost value on Wednesday. The second-largest cryptocurrency experienced a 2.87% decrease in value. While most cryptos showed signs of revival in the middle of the week, ETH continued its surprising downward trend.

Meme Coin NEIRO Rallied Massively

After experiencing a massive sell-off earlier this week, several meme coins showed signs of recovery on Wednesday. Among them, NEIRO rallied the most, gaining 36.78% value in 24 hours. At the same time, SHIB and DOGE also showed signs of recovery.

Here Is an Overview of the Daily Crypto Market with Other Updates.

Bitcoin Gained 1.10%, Showing Signs Of Recovery.

After experiencing a roller coaster ride over the past couple of days, Bitcoin finally found a stable footing on Wednesday. The world’s largest cryptocurrency gained 1.10% value during the past 24 hours. However, the coin is still down 10.89% from last week.

In addition, the crypto is currently trading at the $57,300 mark. At the same time, the coin showed signs of recovery after a 10.89% dip in the past seven days. Meanwhile, for further insight into its future movements, check out our BTC price prediction post.

Moreover, the growth came as a surprise after the IMF issued a warning about Bitcoin in El Salvador. Simultaneously, the coin could potentially reach its maximum value in the US. Even then, BTC shows stability tendencies, instilling a sense of reliability among traders.

Ethereum Lost 2.87% Value In 24 Hours.

While most cryptos showed signs of revival in the middle of the week, Ethereum continued its surprising downward trend. The second-largest cryptocurrency experienced a 2.87% decrease in value. It dropped from the 3,500-dollar level to 2,400 dollars in a week.

In other words, ETH’s 7-day performance showed a massive dip of 23.51%. Meanwhile, this comes after the SEC approved an ETF for Ethereum, which caused a massive sell-off of the crypto a couple of days ago. Now, traders are speculating on whether the coin will experience another rally before the year ends.

Meme Coin NEIRO Rallied The Most.

Several meme coins experienced a roller coaster ride this week after showing signs of recovery on Wednesday. Among them, NEIRO rallied the most, gaining 36.78% value in 24 hours. At the same time, SHIB and DOGE also showed signs of recovery.

To conclude, the crypto market showed signs of recovery on Wednesday after experiencing a sell-off earlier this week. While Bitcoin gained 1.10% value, Ethereum lost 2.87% in 24 hours. Among meme coins, NEIRO rallied the most with a 36.78% gain.

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