Bitcoin Continues To Trade Below $20,000; Ethereum Slips Below $1,300

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Cryptocurrency prices today: Bitcoin continues to trade below $20,000; Ethereum slips below $1,300
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By Asmita Pant   IST (Published)

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SUMMARY

Most cryp­tocur­ren­cies extend­ed loss­es on Mon­day. Ethereum slipped below $1,300. The glob­al cryp­to mar­ket cap stood at $926.9 bil­lion, with a vol­ume of $45.4 bil­lion in the past 24 hours.

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Bit­coin | The world’s largest and most pop­u­lar vir­tu­al cur­ren­cy, Bit­coin, fell 0.8 per­cent to $19,162.9. Its mar­ket val­ue stood at $367.8 bil­lion. The trade vol­ume was at $23 bil­lion. The token has gained 1.8 per­cent in the last sev­en days.

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“BTC failed to hold above the $20,000 lev­el last week due to a lack of buy­ing activ­i­ty above that lev­el. If BTC can break above the $19,500 lev­el, the imme­di­ate resis­tance would be $20,000,” said Edul Patel, CEO and Co-Founder of Mudrex.

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Ethereum | The sec­ond largest vir­tu­al cur­ren­cy, Ethere­rum or Ether, was 1.4 per­cent down at $1,290.8 with a mar­ket cap­i­tal­i­sa­tion of $158.7 bil­lion. The trade vol­ume of Ethereum was almost $8.5 bil­lion in the last 24 hours. The token has fall­en 0.7 per­cent in the last sev­en days.

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On Ethereum, Patel said, “The sec­ond largest cryp­tocur­ren­cy, Ethereum, was chang­ing hands between the $1,200 lev­el. The slow­down in the mar­ket is due to investors digest­ing the hawk­ish com­ments by the US cen­tral bank in a speech on Friday.”

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Doge­coin | Meme-based vir­tu­al cur­ren­cy, Doge­coin, slumped 2.2 per­cent to $0.1. Its mar­ket val­ue stood at $7.9 bil­lion. The trade vol­ume was at $208.6 billion.

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Solana | Solana fell 1.8 per­cent to $32.3 with a mar­ket cap­i­tal­i­sa­tion of $11.5 bil­lion. The trade vol­ume of Solana was $540.2 mil­lion in the last 24 hours.

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Shi­ba Inu | Shi­ba Inu fell 0.9 per­cent with a mar­ket cap­i­tal­i­sa­tion of $6.1 bil­lion. The trade vol­ume was $204.9 mil­lion in the last 24 hours.

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Poly­gon | Poly­gon rose 0.4 per­cent to $0.8 with a mar­ket cap­i­tal­i­sa­tion of $6.8 bil­lion. The trade vol­ume was $233.3 mil­lion in the last 24 hours.

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