Bitcoin Climbs Above $19,000, Ethereum Below $1,300
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SUMMARY
Cryptocurrencies traded mixed on Wednesday. Bitcoin regained above $19,000 levels, and Ethereum remained below $1,300. The global crypto market cap stood at $918.3 billion, with a volume of $48.8 billion in the past 24 hours.
1 / 8Bitcoin | The world’s largest and most popular virtual currency, Bitcoin, rose 0.3 percent to $19,066.2. Its market value stood at $365.4 billion. The trade volume was at $27.2 billion.
2 / 8“BTC struggles to reestablish the $19,000 level as support which is crucial for bulls. If bulls lose control over it, BTC’s support might fall to $18,000. Since the volume is low, the bounce back might take some time,” said Edul Patel, CEO and co-founder of Mudrex.
3 / 8Ethereum | The second largest virtual currency, Ethererum or Ether, rose 0.3 percent to $1,283.9 with a market capitalisation of $157.3 billion. The trade volume of Ethereum was $8.3 billion in the last 24 hours.
4 / 8On Ethereum, Patel said, “Ethereum’s price continues to struggle to achieve a bullish trend post the Merge. If ETH can reclaim the $1,400 level, we might see an upward trend. But a drop below the current level could result in ETH retesting the $1,000 zone.”
5 / 8Dogecoin | Meme-based virtual currency, Dogecoin, jumped 2.3 percent on Wednesday. Its market value stood at almost $8 billion. The trade volume was at $42.5 billion.
6 / 8Solana | Solana slumped 1.9 percent to $30.9 with a market capitalisation of $11 billion. The trade volume of Solana was $665.7 million in the last 24 hours.
7 / 8Shiba Inu | Shiba Inu gained 0.1 percent with a market capitalisation of $5.6 billion. The trade volume was $167.5 million in the last 24 hours.
8 / 8Polygon | Polygon fell 1.1 percent to $0.8 with a market capitalisation of $6.9 billion. The trade volume was $245.6 million in the last 24 hours.