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.
The two-year Treasury yield, which tracks short-term interest rate and inflation expectations.—TLTP
