Crypto Price Today: Ethereum, BNB, Polygon, Shiba Inu rise up to 3%

economictimes.indiatimes.com:

Geopolitical worries capped the gains for the digital market as US congresswoman Nancy Pelosi visited Taiwan which infuriated China. The world's second-largest economy warned of 'targeted' military operations. Top crypto tokens were trading higher on Wednesday.

Uniswap rallied about eight per cent, whereas BNB, Polygon, Polkadot and Avalanche surged four per cent each. However, Solana plunged about five per cent. The global cryptocurrency market cap was trading higher at $1.07 trillion mark, adding close to two per cent in the last 24 hours.

However, the total trading volume dropped more than seven per cent, close to $70.41 billion.Expert's take The correlation to equities and other traditional assets remains the main source of investors' distrust as the current crypto relief rally seemingly runs out of steam with $50B exiting the market with data from Glassnode confirming that current network activity suggested little influx of new demand for blockspace, said CoinDCX Research Team. Solana opened their first IRL retail store and web3 embassy, the store is called Solana spaces. Its initial location is in the Hudson Yards retail area, said WazirX Trade Desk.

«The store provides crypto beginners with services such as DeFi education and Phantom wallet creation, as well as Solana clothes and NFTs for sale. This could revolutionize and motivate new and interested people to enter the crypto space.»Global updates The New York State Department of Financial Services imposed a $30 million fine on the crypto trading unit Robinhood for alleged violations of anti-money laundering and cybersecurity regulations. Cryptocurrency exchange Luno has been given digital asset service provider (DASP) registration in France by the Autorité des