Cryptocurrency

Many of the leading cryptocurrencies held firm in the last 24 hours following the carnage of Tuesday while Solana bounced back in astonishing fashion.

Around $300 billion was wiped off the market on ‘Bitcoin Day’ as El Salvador became the first country to accept Bitcoin as legal tender – but the digital currency stopped functioning and the markets fell spectacularly in a huge sell-off.

At the time of writing (7am UK), the market is back up to $2.11 trillion after the 11,800 coins climbed 1.1% in the last 24 hours. 

Solana, which only recently overtook Dogecoin as the world’s seventh most valuable cryptocurrency, has now surged past XRP into sixth with an incredible jump of 29% in 24 hours.

Despite dropping 11% on Tuesday – which was admittedly less than most of the other major coins – SOL is now at a record $209 despite being worth just $1.84 at the start of the year.

The token – linked to an open-source project designed to facilitate the creation of decentralised apps – is an incredible 84% higher than its position a week ago.

Ripple’s XRP, which had crashed 20% on Tuesday, fell slightly but remains at $1.11. Now worth $51.5bn – $10bn less than SOL – it is 11% down in a week.

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Market leader Bitcoin (BTC) is around $46,000 after a slight drop and is 7% down on its price last Thursday.

Smart contract blockchain platform Ethereum, whose ETH token is the world’s second most valuable crypto, rose 2% to above $3,500. It is 7% down over seven days.

Cardano (ADA), the third most valuable crypto, remained at $2.47. The proof-of-stake blockchain platform is 20% down in a week.

Binance Coin (BNB) also remained static at around $414 and is 16% down over seven days.

Meme coin Dogecoin (DOGE) also held steady, rising less than 1%, after shedding 16% on Tuesday. It sits at 25c and is 15% down over seven days.

Polkadot (DOT) is at $29.16 after climbing 5% but is 9% down in a week.

To see how the valuations of the biggest movers and shakers – and main coins – have changed over the last few days, click here.

For valuations of the top 250 coins by market cap (updated every 15 minutes), their market cap plus 24-hour price change and volume traded, see below. 

Cryptocurrency