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Jan 05,2023 0 Comments

Today crypto price: Bitcoin and Ethereum rise, while most other tokens extend gains

Today cryptocurrency price: The majority of cryptocurrencies rose on Wednesday. The global crypto market cap was $821 billion, with $35.6 billion in volume in the previous 24 hours.

"Most cryptocurrencies rose on Wednesday as a result of Institute for Supply Management (ISM) data showing a decrease in demand and a reduction in manufacturing input. This gave investors hope that the Fed would lower interest rates "Mudrex CEO and Co-Founder Edul Patel stated.

Bitcoin (BTC)
Bitcoin, the world largest and most popular virtual currency, gained 0.8 percent to $16,834.9. Its market capitalization was $324.5 billion. The total trade volume was $18.3 billion.

Patel said of Bitcoin, "Bitcoin has traded above the $16,800 mark in the last 24 hours. However, it was unable to rise above the $17,000 mark. If BTC can break through its immediate resistance at $16,900, the next target is $17,000. While the support level is now at $16,750."

Ethereum
Ethererum, or Ether, the second largest virtual currency, rose 2.5 percent to $1,255.1, with a market capitalisation of $153.7 billion. In the last 24 hours, Ethereum trade volume was $6.3 billion.

Dogecoin
A meme-based virtual currency, increased by 2.3 percent on Thursday. Its market capitalization was $9.7 billion. The total trade volume was $378.1 million.

Shiba Inu
Shiba Inu market capitalisation increased by 2.6 percent to $4.6 billion. In the last 24 hours, the trade volume was $148.1 million.

Solana
With a market capitalisation of nearly $4.9 billion, Solana fell 3.3 percent to $13.2. Solana trade volume in the last 24 hours was $1 billion.

Polygon
Polygon market capitalisation increased by 1.5 percent to $7 billion. In the last 24 hours, the trade volume was $299.9 million.

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