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Cryptocurrency prices: Bitcoin near $17,000, Ethereum jumps 8%

Cryptocurrency prices: Bitcoin near $17,000, Ethereum jumps 8%

Cryptocurrency prices: Bitcoin near $17,000, Ethereum jumps 8%
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By Asmita Pant  Nov 30, 2022 10:40:03 AM IST (Updated)

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SUMMARY

Major cryptocurrencies moved higher on Wednesday. The global crypto market cap stood at $855.7 billion, with a volume of $47.4 billion in the past 24 hours.

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Bitcoin | The world's largest and most popular virtual currency, Bitcoin, rose 4.6 percent to $17,000.6. Its market value stood at $325.2 billion. The trade volume was at $25.9 billion.

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"Though BTC started the week with a low of $16,054, it surged above the $17,000 level in the past 24 hours. This surge saw BTC climbing from $16,200, which has been in play for the past two weeks. If the price strengthens in the upward direction, we could see more bulls entering the market and pushing BTC towards its next resistance at $17,500 level," said Edul Patel, CEO and Co-Founder of Mudrex.

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Ethereum | The second largest virtual currency, Ethererum or Ether, jumped 8.4 percent to $1,275.9 with a market capitalisation of $155.6 billion. The trade volume of Ethereum was almost $9 billion in the last 24 hours.

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Dogecoin | Meme-based virtual currency, Dogecoin, jumped 7.5 percent to $0.1. Its market value stood at almost $14.2 billion. The trade volume was at $1.5 billion.

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Solana | Solana rose 3.2 percent to $13.9 with a market capitalisation of $5 billion. The trade volume of Solana was $277.5 million in the last 24 hours.

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Shiba Inu | Shiba Inu rose 2.2 percent with a market capitalisation of $5.1 billion. The trade volume was $144.9 million in the last 24 hours.

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Polygon | Polygon rose 5.2 percent to $0.9 with a market capitalisation of $7.6 billion. The trade volume was $258.1 million in the last 24 hours.

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