Crypto donations and remittances are playing an increasingly significant role on the global stage
Crypto donations and remittances are playing an increasingly significant role on the global stage

The crypto market opened on a slightly bearish note for Bitcoin (BTC) on Wednesday as it dropped 0.13% while Ether (ETH) outperformed BTC with a 2.19% price surge.

According to CoinMarketCap data, the price of BTC and ETH were $22,860 and $1,617, respectively. The market dominance of the world's biggest cryptocurrency dropped to 41.30% while that of ETH rose to 18.66% in the last 24 hours.

BTC successfully retained prices above the $22,000 price level while ETH retained above $1,600. The nearest support for BTC is between $21,000 and $22,000 and for ETH it is $1,500.

The tokens which did not show much volatility in the last 24 hours include Ripple (XRP) which dropped 0.91% to $0.3677; Tron (TRX) which dropped 0.72% to $0.06815; and FTX Token (FTT) which dropped 0.84% to $28.98 as of 12:24 a.m. ET.

The best performers as of 12:25 a.m. ET include Cronos (CRO) which rose 9.08% to 0.1541; Polygon (MATIC) which rose 3.62% to $0.8891; Avalance (AVAX) which rose 2.87% to $23.16; Aave (AAVE) which rose 5.34% to $94.66; and THORChain (RUNE) which rose 5.74% to $2.60.

The poor performing tokens as of 12:26 a.m. include Chiliz (CHZ) which dropped 11.98% to $0.1348; yearn.finance (YFI) which dropped 2.10% to $10,680; Theta Network (THETA) which dropped 4.72% to $1.35; and Hedera (HBAR) which dropped 4.87% to $0.07104.

Illustration shows representations of cryptocurrency Monero

A representations of cryptocurrency Monero is seen in front of a stock graph and U.S. dollar in this illustration taken, January 24, 2022. Photo: Reuters / Dado Ruvic