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Bitcoin above $17,000, Ethereum and other crypto tokens falls

Bitcoin above $17,000, Ethereum and other crypto tokens falls
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By Sangam Singh  Dec 6, 2022 11:38:49 AM IST (Updated)

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SUMMARY

Cryptocurrencies edged lower on December 6. The global crypto market cap stood at $855.58 billion, with a volume of nearly $40.08 billion in the past 24 hours.

Bitcoin, crypto, cryptocurrency prices
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Bitcoin | The world's largest and most popular virtual currency, Bitcoin, fell 1.30 percent to $17,044.5. Its market value stood at $327.6 billion. The trade volume was at $21.51 billion.

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"BTC bulls have gained some control and successfully kept the price bar above that for the past five days. However, if the price decreases from the resistance, BTC might likely remain range bound for a few days," said Edul Patel, CEO and Co founder of Mudrex.

Ethereum, ether, crypto, cryptocurrency prices
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Ethereum | The second largest virtual currency, Ethererum or Ether, fell 1.94 percent to $1265.28 with a market capitalisation of $154.82 billion. The trade volume of Ethereum was almost $5.97 billion in the last 24 hours.

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On Ethereum, Patel said, "Ethereum’s price also saw considerable resistance at the $1,300 level. ETH is currently trading at the $1,260 level. The low trade volume could be one of the reasons for ETH not breaking the $1,300 level."

Dogecoin, crypto, cryptocurrency prices
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Dogecoin | Meme-based virtual currency, Dogecoin, fell 1.94 percent on Tuesday. Its market value stood at almost $13.58 billion. The trade volume was at $1.04 million.

Solana, crypto, cryptocurrency prices
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Solana | Solana fell 0.39 percent to $13.99 with a market capitalisation of $5.11 billion. The trade volume of Solana was $307.52 billion in the last 24 hours.

shiba inu, crypto, cryptocurrency prices
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Shiba Inu | Shiba Inu rose 0.75 percent with a market capitalisation of $5.18 billion. The trade volume was $248.81 million in the last 24 hours.

Polygon, crypto, cryptocurrency prices
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Polygon | Polygon fell 1.57 percent to $0.91 with a market capitalisation of 8.02 billion. The trade volume was $311.02 million in the last 24 hours.

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