$ETH
The global cryptocurrency market witnessed a relatively calm session on Wednesday, with Bitcoin (BTC) holding its ground above the $109,000 mark. Investors showed cautious optimism as altcoins fluctuated between gains and minor pullbacks, reflecting a balanced yet slightly bullish sentiment in the market.
According to CoinMarketCap, Bitcoin’s price hovered at $109,640.18, marking a modest 24-hour gain of 0.14 percent. Indian exchanges quoted the top cryptocurrency at approximately Rs 90.39 lakh. Meanwhile, the broader crypto market cap saw a slight uptick of 1.02 percent over 24 hours, standing at $3.45 trillion.
Ethereum: 2nd Largest Cryptocurrency
Ethereum (ETH), the second-largest cryptocurrency by market cap, outperformed Bitcoin during the session. ETH prices rose by nearly 4 percent, trading at $2,796.36 globally and Rs 2.13 lakh on Indian exchanges. Analysts point to rising confidence in Ethereum’s staking model, with 34.6 million ETH—representing almost 28% of the total supply—locked in its Proof-of-Stake contract. This staking volume, valued at nearly $90 billion, reflects growing investor conviction in the network’s long-term prospects.
Among other popular coins, Dogecoin (DOGE) advanced by 3.02 percent to $0.1980, while Litecoin (LTC) climbed 1.62 percent, settling at $91.69. Solana (SOL) also witnessed healthy gains, up 3.79 percent to trade at $165.13. In contrast, Ripple’s XRP edged lower by 0.17 percent, settling at $2.29.
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Uniswap Leads the Day’s Rally
The day’s standout performer was Uniswap (UNI), which soared 16.61 percent in 24 hours to $8.27. Market participants attributed the surge to recent signals from the U.S. Securities and Exchange Commission (SEC), suggesting possible regulatory relief for decentralized finance (DeFi) platforms. This optimism around tailored exemptions appears to have sparked renewed buying interest in UNI.