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Crypto Price Today: Bitcoin trades below 23,000 as other tokens slip

Crypto Price Today: Bitcoin trades below 23,000 as other tokens slip

Crypto Price Today: Bitcoin trades below 23,000 as other tokens slip
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By Asmita Pant  Jan 25, 2023 12:02:34 PM IST (Updated)

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SUMMARY

Cryptocurrencies extended loses on Wednesday. The global crypto market cap stood at $1.01 trillion, with a volume of $57.1 billion in the past 24 hours.

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Bitcoin | The world's largest and most popular virtual currency, Bitcoin, fell 2.3 percent to $22,561.9. Its market value stood at $434.5 billion. The trade volume was at $27.5 billion.

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"Bitcoin is currently trading at the $22,500 level. The support now is at $22,450, and the resistance is at $22,600," said Edul Patel, CEO and Co-Founder of Mudrex.

Ethererum Price
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Ethereum | The second largest virtual currency, Ethererum or Ether, slumped six percent to $1,540.3 with a market capitalisation of $188.5 billion. The trade volume of Ethereum was $9.1 billion in the last 24 hours.

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On Ethereum, Patel said, "Ethereum also slowed down and is trading at the $1,500 level. A potential breakout above the $1,600 level can increase the bulls' confidence."

Dogecoin Price Today
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Dogecoin | Meme-based virtual currency, Dogecoin, slipped 6.6 percent to $0.1. Its market value stood at $11.1 billion. The trade volume was at $581.8 million.

solana, cryptocurrency
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Solana | Solana fell 0.5 percent to $12.1 with a market capitalisation of $4.4 billion. The trade volume of Solana was $162 million in the last 24 hours.

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Shiba Inu | Shiba Inu slumped 7.5 percent with a market capitalisation of $6.1 billion. The trade volume was $296.4 million in the last 24 hours.

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Polygon | Polygon fell 5.2 percent to $0.9 with a market capitalisation of $8.3 billion. The trade volume was $535.9 million in the last 24 hours.

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