Wednesday (3) began with the joy of some investors and the despair of others. Around 10am, coins like Bitcoin, Ethereum, XRP and Cardano started a new rally, while Solana was still suffering the consequences of the last attack.

As reported by CriptoFácil, wallets connected to Solana’s blockchain suffered an attack that drained more than BRL 42 million in resources. The diversion of several SOL tokens in online wallets such as Phantom, interfered with the coin’s prices. In just a few hours, the coin dropped more than 3%, recovering slightly in the morning.

In addition, recent concerns about inflation in the United States and rising tensions between the US and China make investors more cautious. The possibility of a new interest rate hike by the Federal Reserve, in addition to the possibility of a new war between China and the United States, have investors around the world on alert. At this time, a new political crisis could bring down monetary advances and run out of control of inflation.

Still, around 10am, Bitcoin was up 4.2%. The coin, which had lost its $23K resistance level, has bounced back above that level in the past 24 hours. According to CoinGecko, the current price of BTC is R$123,939, about $23,500.

Ethereum, the second largest cryptocurrency on the market and the main one among DeFi transactions, also rose again. In the last 24 hours alone, the price of ETH has already risen more than 7%, reaching R$8,818.

The global cryptocurrency market cap was trading higher at the $1.07 trillion mark, increasing nearly 2% in the last 24 hours. However, total trading volume dropped more than 7% to close to $70.41 billion.

Price of top cryptocurrencies today

Following the uptrend of Bitcoin, the other cryptocurrencies also dawned in green. BNB, for example, has increased its price by 5.7% in the last 24 hours. XRP is up 2.2% to BRL 1.97, while Cardano (ADA) is up over 4% in the last 24 hours.

Solana (SOL), the target currency of the latest hacker attack, fluctuated between a low of 0.4% and a positive balance of almost 1% around 10am. According to CoinGecko, Solana’s price was R$210, around US$40.

Polkadot (DOT), Polygon (MATIC) and Avalanche (AVAX) coins are up more than 6% each, while UniSwap and Ape Coin are up more than 15% in new rally.

Stablecoins traded higher, following the price of the commercial dollar. USDT, USDC and DAI were being sold for BRL 5.29. In the last 24 hours, the cryptocurrency market has not recorded significant losses among cryptocurrencies.

Also read: Solana is a target of attack and wallets are drained

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