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Crypto Price Today: Bitcoin above 23,000, Ethereum and other tokens trade mixed

Crypto Price Today: Bitcoin above 23,000, Ethereum and other tokens trade mixed

Crypto Price Today: Bitcoin above 23,000, Ethereum and other tokens trade mixed
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By Asmita Pant  Jan 24, 2023 11:29:00 AM IST (Updated)

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SUMMARY

Cryptocurrencies traded mixed on Tuesday. The global crypto market cap stood at $1.05 trillion, with a volume of $55.7 billion in the past 24 hours.

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Bitcoin | The world's largest and most popular virtual currency, Bitcoin, rose 1.4 percent to $23,018. Its market value stood at $442.9 billion. The trade volume was at $26.4 billion.

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"The surge in price could be attributed to BTC whales accumulating and driving up the price. The current support level for Bitcoin is $22,900, and resistance is at $23,375," Edul Patel, CEO and Co-Founder of Mudrex.

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Ethereum | The second largest virtual currency, Ethererum or Ether, fell 0.1 percent to $1,634.2 with a market capitalisation of $199.6 billion. The trade volume of Ethereum was $8.2 billion in the last 24 hours.

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On Ethereum, Patel said, "Ethereum has also been stable above $1,600, with the next potential target for buyers being $1,700."

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Dogecoin | Meme-based virtual currency, Dogecoin, rose 0.5 percent on Tuesday. Its market value stood at $11.8 billion. The trade volume was at $647.7 million.

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Solana | Solana rose 0.7 percent to $24.5 with a market capitalisation of $9 billion. The trade volume of Solana was $839.9 million in the last 24 hours.

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Shiba Inu | Shiba Inu fell 0.5 percent with a market capitalisation of $6.6 billion. The trade volume was $252.4 million in the last 24 hours.

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Polygon | Polygon fell 0.4 percent to $1 with a market capitalisation of $8.7 billion. The trade volume was $395.6 million in the last 24 hours.

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