homephotos Newscryptocurrency NewsCrypto Price Today: Bitcoin and Ethereum largely unchanged, other tokens move mixed

Crypto Price Today: Bitcoin and Ethereum largely unchanged, other tokens move mixed

Crypto Price Today: Bitcoin and Ethereum largely unchanged, other tokens move mixed
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By Asmita Pant  Feb 7, 2023 9:37:16 AM IST (Updated)

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SUMMARY

Cryptocurrencies moved mixed on Tuesday. The global crypto market cap stood at $1.05 trillion, with a volume of $49.8 billion in the past 24 hours.

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Bitcoin | The world's largest and most popular virtual currency, Bitcoin, fell 0.2 percent to $22,836.6. Its market value stood at $440.1 billion. The trade volume was at $24 billion.

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"Despite a minor dip, BTC has stayed within the range it has been trading in over the past few weeks, close to its all-time high. This year, Bitcoin has seen an increase in value, due to a boost in investor confidence. However, the recent strong employment report on Friday has sparked concerns among market participants," said Edul Patel, CEO and Co-Founder of Mudrex.

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Ethereum | The second largest virtual currency, Ethererum or Ether, rose 0.1 percent to $1,624.6 with a market capitalisation of $198.7 billion. The trade volume of Ethereum was $6.9 billion in the last 24 hours.

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On Ethereum, Patel said, "Ethereum, the second largest cryptocurrency, is trading above $1,600. Its next target resistance is at $1,650. However, it may take some time for Ethereum to reach that level, as it hasn't built up enough strength to do so yet."

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Dogecoin | Meme-based virtual currency, Dogecoin, fell 0.9 percent on Tuesday. Its market value stood at nearly $12 billion. The trade volume was at $484.4 million.

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Shiba Inu | Shiba Inu fell 0.4 percent with a market capitalisation of $7.8 billion. The trade volume was $569.4 million in the last 24 hours.

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Solana | Solana fell 1.6 percent to $22.9 with a market capitalisation of $8.5 billion. The trade volume of Solana was $465.7 million in the last 24 hours.

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Polygon | Polygon rose 1.5 percent with a market capitalisation of $10.6 billion. The trade volume was $448.5 million in the last 24 hours.

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