Bitcoin rose 2.03% to $83,055 on Wednesday, while Ethereum gained 2.77% to $2,452. Strong technology earnings boosted Asian stocks and supported the broader crypto market.
Why it matters
The rally came with the Fear & Greed Index at 63, indicating Greed, and the Altcoin Index at 62/100. Bitcoin dominance stood at 58% of a crypto market worth $2.88 trillion.
Market impact
Several smaller tokens posted sharp gains, led by Doodles at 123.3%, followed by Orbio.so at 109.6% and IOStoken at 69.4%. Funding activity included a $1 million Hylo strategic round led by Solana Ventures and a $15 million Mural Series A led by Tether.
Source: [source](https://webappcsdfedsssd.controller.bot/media/files/8336652911/AgACAgIAAxkBAAJXP2rYdD-KMEgENMRCTDcgFqddBfNVAAJ1GmsbnnfJSs9DEiAPaSlIAQADAgADeQADPQQ?sig=NyQrE3NbZr-o_5qUmgCZen5D2pI1o2NZBjSfBgxwdgI)
Frequently asked questions
-
How did Ethereum perform compared with Bitcoin?
Ethereum gained 2.77% to $2,452, while Bitcoin rose 2.03% to $83,055.
-
What did the Fear & Greed Index indicate?
The index registered 63, classified as Greed.
-
What was Bitcoin's share of the crypto market?
Bitcoin dominance stood at 58% of a crypto market valued at $2.88 trillion.
-
Which small-cap tokens posted the largest gains in the roundup?
Doodles gained 123.3%, Orbio.so rose 109.6%, and IOStoken advanced 69.4%.
-
Which funding rounds were highlighted?
Hylo raised $1 million in a strategic round led by Solana Ventures. Mural raised $15 million in a Series A led by Tether.
CoinDesk
Crypto News
WatcherGuru
Lookonchain
CryptoSlate
CoinTelegraph