homephotos Newscryptocurrency NewsCryptocurrency today: Bitcoin above $16,000, Ethereum up 3.3%

Cryptocurrency today: Bitcoin above $16,000, Ethereum up 3.3%

2 Min(s) Read

By Asmita Pant  Nov 24, 2022 10:13:59 AM IST (Updated)

SUMMARY

Most cryptocurrencies extended gains on Thursday. The global crypto market cap stood at $837.4 billion, with a volume of $62.8 billion in the past 24 hours.

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Bitcoin | The world's largest and most popular virtual currency, Bitcoin, rose 1.2 percent to $16,695.3. Its market value stood at $321 billion. The trade volume was at $33.2 billion.

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"Bitcoin has surged in the past 24 hours reacting to the news of Coinbase having two million BTC reserves as of the end of Quarter 3. If BTC can hold the gained initiative, it might trade above $18,000 by the end of this week. If the price falls below the current level, it will provide a decent win for bears," said Edul Patel, CEO and Co Founder of Mudrex.

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Ethereum | The second largest virtual currency, Ethererum or Ether, rose 3.3 percent to $1,200.3 with a market capitalisation of $146.9 billion. The trade volume of Ethereum was $11.5 billion in the last 24 hours.

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On Ethereum, Patel said, "A potential upward move could soon take the coin’s price to the $1,300 zone."

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Dogecoin | Meme-based virtual currency, Dogecoin, climbed 2.4 percent on Thursday. Its market value stood at $11 billion. The trade volume was at $552 million.

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Solana | Solana surged 10.5 percent to $14.5 with a market capitalisation of $5.3 billion. The trade volume of Solana was $874.3 million in the last 24 hours.

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Shiba Inu | Shiba Inu rose 1.2 percent with a market capitalisation of $5 billion. The trade volume was $161.8 million in the last 24 hours.

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Polygon | Polygon increased 1.6 percent to $0.9 with a market capitalisation of $7.7 billion. The trade volume was $476.9 billion in the last 24 hours.

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