homephotos Newscryptocurrency NewsBitcoin slips below $17,000 as cryptocurrencies fall

Bitcoin slips below $17,000 as cryptocurrencies fall

Bitcoin slips below $17,000 as cryptocurrencies fall
Read Time2 Min(s) Read
Profile image

By Asmita Pant  Dec 8, 2022 10:38:01 AM IST (Updated)

Switch to Slide Show
Slide Show

SUMMARY

Cryptocurrencies edged lower on Thursday, reversing most gains from the previous session. The global crypto market cap stood at $840.4 billion, with a volume of nearly $36.7 billion in the past 24 hours.

CNBCTV18
Image count1 / 8

"Bitcoin, Ethereum, and most cryptocurrencies plunged with increased selling pressure on Wednesday as whales reduced their inflow volumes," said Edul Patel, CEO and Co-Founder of Mudrex.

CNBCTV18
Image count2 / 8

Bitcoin | The world's largest and most popular virtual currency, Bitcoin, fell 1.4 percent slipping below the $17,000 mark again. At the last count, the token was trading at $16,831.2. Its market value stood at $323.8 billion. The trade volume was at $19.4 billion.

CNBCTV18
Image count3 / 8

On Bitcoin, Patel said, "The next immediate support for BTC lies at the $16,787 level. If BTC hits that support, bears are likely to take advantage of it, pushing BTC toward the $16,000 level. However, if bulls can take BTC above the $17,000 level, we might see an upward trend."

CNBCTV18
Image count4 / 8

Ethereum | The second largest virtual currency, Ethererum or Ether, slumped 3.4 percent to $1,225.4 with a market capitalisation of $150.5 billion. The trade volume of Ethereum was $5.6 billion in the last 24 hours.

CNBCTV18
Image count5 / 8

Dogecoin | Meme-based virtual currency, Dogecoin, plunged 5.2 percent to $0.1. Its market value stood at almost $12.7 billion. The trade volume was at $614.1 million.

solana, cryptocurrency
Image count6 / 8

Solana | Solana plunged 5.8 percent to $13.4 with a market capitalisation of $4.9 billion. The trade volume of Solana was $224 million in the last 24 hours.

CNBCTV18
Image count7 / 8

Shiba Inu | Shiba Inu fell 2.8 percent with a market capitalisation of nearly $5 billion. The trade volume was $109.2 million in the last 24 hours.

CNBCTV18
Image count8 / 8

Polygon | Polygon fell 2.8 percent to $0.9 with a market capitalisation of $7.8 billion. The trade volume was $298.1.1 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