The cryptocurrency market remained mixed after falling for two consecutive days, with market capitalisation shedding 0.3 percent to reach $2.1 trillion.
As of 1230 hours GMT on Wednesday, the largest cryptocurrency Bitcoin’s price surged by 0.86 percent to reach $42,103. With this increase in price, the market capitalisation of the biggest crypto has reached $797.1 billion.
Bitcoin and traditional market risk assets remain under pressure as US Treasury bond yields continue to rise on expectations of earlier and quicker rate hikes by the Federal Reserve.
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