Crypto
Cryptocurrency prices: Bitcoin falls but holds ground above $16,000, Ethereum slips 7.1%
SUMMARY
Cryptocurrencies fell on Monday. The worldwide crypto market cap stood at $799.4 billion, with a quantity of practically $59.9 billion previously 24 hours.
Bitcoin | The world’s largest and hottest digital foreign money, Bitcoin, slumped three p.c to $16,178. Its market worth stood at $310.2 billion. The commerce quantity was at $11.4 billion.
“Regardless that BTC is down, it managed to remain above $16,000, holding its assist place for a powerful 9 days. If patrons can push the worth of BTC above the overhead trendline, we’d see an upward development,” stated Edul Patel, CEO and Co-Founding father of Mudrex.
Ethereum | The second largest digital foreign money, Ethererum or Ether, plunged 7.2 p.c to $1,132.2 with a market capitalisation of $138.2 billion. The commerce quantity of Ethereum was nearly $11.4 billion within the final 24 hours.
On Ethereum, Patel stated, “Ethereum was seen altering fingers under its assist stage at $1,200. If the promoting strain doesn’t subside, we may even see ETH drop to $1,080. ETH will possible stay beneath the bearish menace till the worth stays under the trendline.”
Dogecoin | Meme-based digital foreign money, Dogecoin, plummeted 10.8 p.c on Monday. Its market worth stood at nearly $7 billion. The commerce quantity was at $488.2 million.
Solana | Solana plunged 10.6 p.c to $11.8 with a market capitalisation of $4.3 billion. The commerce quantity of Solana was $545.8 billion within the final 24 hours.
Shiba Inu | Shiba Inu fell 5.6 p.c with a market capitalisation of $4.8 billion. The commerce quantity was $177.6 million within the final 24 hours.
Polygon | Polygon slumped eight p.c to $0.8 with a market capitalisation of $7 billion. The commerce quantity was $487.4 million within the final 24 hours.asm