Prices for cryptocurrencies rose sharply today, with Bitcoin selling at more over $23,000. Bitcoin, the biggest and most used cryptocurrency in the world, was trading over 2% higher at $23,179. According to CoinGecko, the global crypto market valuation today exceeded $1 trillion after increasing by more than 2% over the previous day to reach $1.12 trillion.
The second-largest cryptocurrency, Ether, which is connected to the ethereum blockchain, increased more than 3% to $1,657. Shiba Inu gained more than 2 to trade at $0.000012, while Dogecoin was nearly 1% higher at $0.06 today.
As XRP, Solana, BNB, Litecoin, Stellar, Chainlink, Tether, Polkadot, Tron, Avalanche, Apecoin, Uniswap, and Polygon prices were trading with gains over the previous 24 hours, other cryptocurrency values today also performed better.
Bitcoin has retreated from the US$23,000 barrier, showing that bullish sentiment is still strong in the market. By the end of the month, BTC may rise above USD25,000 if buyers can push it to the US$24,000 area. Ethereum, the second-largest cryptocurrency, also went beyond the $1,600 mark. However, it appears that ETH does not currently possess sufficient strength to extend the winning streak. As a result, it is probable that ETH will trade sideways over the next several days, according to Edul Patel, CEO and co-founder of Mudrex.
Following the attack on the bridge protocol Nomad at the beginning of the week, hackers hacked the Solana ecosystem early on Wednesday, affecting hundreds of wallets.
Damage assessments range widely. Elliptic, a blockchain forensics company, reports that over 7,900 Solana wallets have had just over $5.2 million in cryptoassets stolen from them so far. According to security firm PeckShield, eight million dollars from victims' wallets were stolen by four Solana addresses.