On February 15, major cryptocurrencies were trading positive. Bitcoin rose 1.90% to $22,119.76.
"Most cryptocurrencies rallied after January's US Consumer Price Index (CPI) data, when inflation fell short of expectations," said Edul Patel, co-founder and CEO of Mudrex.
The global cryptocurrency market capitalization rose 2.57% to $1.03 trillion from $1.01 trillion yesterday. The value of the total volume of the cryptocurrency market increased by 4.56%, reaching 58.46 billion dollars.
(09:30 IST) Ethereum rose 3.33% to $1,548.64 from $1,400. As the market started to rally, XRP rose 3.51% to $0.380378. XRP rose 3.51% to $0.380378. This increase was also seen in Polygon, which rose 5.90% to $1.24. The price of Cardano increased by 8.88% to $0.386253.
The price of Solana increased by 3.69 percent in 24 hours, reaching $21.58. This increase was reflected in the value of Dash, which increased by 8.59% to $63.14.
BNB also rose 1.99% to $297.21 as the cryptocurrency market rallied. Monero and Avalach rose 1.97% to $157.85 and 3.64% to $18.05, respectively. Teong Hng, CEO of cryptocurrency investment firm Satori Research, says: "We have seen cryptocurrency markets perform well during US trading hours, which is a sign that institutional investors may be behind the buying interest."
According to CoinMarketCap, the top winners were SingularityNET, Render Token, Oasis, Network and ImmutableX. Conversely, BinaryX, Maker, Fei USD and Toncoin were the biggest losers.
Memcoins are seeing a profit
Shiba Inu gained 3.45% to $0.000013. The increase in value had a positive effect on the price of Dogecoin, which increased by 5% to $0.085504.
Metaverse symbol green
Decentraland traded up 4.55% on Wednesday, hitting $0.661875. Axie Infinity and The Sandbox gained 3.87% to $9.87 and 4.27% to $0.699764, respectively.
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