homephotos Newscryptocurrency News

Cryptocurrency prices: Bitcoin, Ethereum rise, other tokens trade mixed ahead of US inflation data

Cryptocurrency prices: Bitcoin, Ethereum rise, other tokens trade mixed ahead of US inflation data

Cryptocurrency prices: Bitcoin, Ethereum rise, other tokens trade mixed ahead of US inflation data
Read Time2 Min(s) Read
Profile image

By Asmita Pant  Dec 13, 2022 1:01:13 PM IST (Published)

Switch to Slide Show
Slide Show

SUMMARY

Cryptocurrencies traded mixed on Tuesday. "The uncertainty surrounding the U.S inflation figures has caused some hesitation among traders and investors, leading to the sideways movement of the prices of both BTC and ETH," said Edul Patel of Mudrex. The global crypto market cap stood at $845.4 billion, with a volume of $35.1 billion in the past 24 hours.

CNBCTV18
Image count1 / 8

Bitcoin | The world's largest and most popular virtual currency, Bitcoin, rose 1.1 percent to $17,125.5. Its market value stood at $330 billion. The trade volume was at nearly $17.8 billion.

CNBCTV18
Image count2 / 8

"Bitcoin rose above the $17,000 level in the past 24 hours, but failed to break through the $17,300 level. The immediate support for BTC is at $17,050, and the resistance is at $17,250, said Edul Patel, CEO and Co-Founder of Mudrex.

CNBCTV18
Image count3 / 8

Ethereum | The second largest virtual currency, Ethererum or Ether, rose 0.9 percent to $1,257.6 with a market capitalisation of $155.2 billion. The trade volume of Ethereum was $4.7 billion in the last 24 hours.

CNBCTV18
Image count4 / 8

On Ethereum, Patel said, "If the bulls can maintain their presence in the market, a breakout above the $1,300 level may be possible. However, if ETH falls from its current level, the next support level would be at $1,251."

CNBCTV18
Image count5 / 8

Dogecoin | Meme-based virtual currency, Dogecoin, fell 0.6 percent on Tuesday. Its market value stood at $11.8 billion. The trade volume was at $527.7 billion.

CNBCTV18
Image count6 / 8

Shiba Inu | Shiba Inu fell two percent with a market capitalisation of $4.8 billion. The trade volume was $100.4 million in the last 24 hours.

CNBCTV18
Image count7 / 8

Solana | Solana fell 1.6 percent to $12.8 with a market capitalisation of $4.8 billion. The trade volume of Solana was $176.4 million in the last 24 hours.

CNBCTV18
Image count8 / 8

Polygon | Polygon fell 0.6 percent with a market capitalisation of $7.8 billion. The trade volume was nearly $220.5 million in the last 24 hours.

Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
arrow down

Top Budget Opinions

    Most Read

    Market Movers

    View All
    Top GainersTop Losers
    CurrencyCommodities
    CompanyPriceChng%Chng