Bitcoin, Ethereum And Other Tokens Fall
SUMMARY
Most cryptocurrencies fell on Monday. The global crypto market cap stood at $812.1 billion, with a volume of $21.4 billion in the past 24 hours.
1 / 8Bitcoin | The world’s largest and most popular virtual currency, Bitcoin, was marginally down at $16,725.8 on the last count. Its market value stood at $322.8 billion. The trade volume was at $11.6 billion. The token has fallen nearly one percent in the last seven days.
2 / 8“To regain the initiative, bulls must push the price above the $16,800 level. However, it is unlikely that we will see a quick reversal at this time, as Bitcoin has not yet gathered enough strength,” said Edul Patel, CEO and Co-Founder of Mudrex.
3 / 8Ethereum | The second largest virtual currency, Ethererum or Ether, fell 0.2 percent to $1,183.8 with a market capitalisation of $145.5 billion. The trade volume of Ethereum was $3.8 billion in the last 24 hours. The token has slumped 5.3 percent in the last one week.
4 / 8On Ethereum, Patel said, “Ethereum experienced significant outflows due to increased selling pressure. Its resistance is currently at the $1,222 level, while support is at the $1,160 level, which could help buyers regain momentum.”
5 / 8Dogecoin | Meme-based virtual currency, Dogecoin, fell 1.3 percent to $0.1. Its market value stood at almost $10.4 billion. The trade volume was at $264.1 million.
6 / 8Solana | Solana plunged 4.6 percent to $4.6 with a market capitalisation of $4.6 billion. The trade volume of Solana was $116.3 million in the last 24 hours.
7 / 8Shiba Inu | Shiba Inu fell 1.3 percent with a market capitalisation of $4.7 billion. The trade volume was $179.4 million in the last 24 hours.
8 / 8Polygon | Polygon fell 0.4 percent to $0.8 with a market capitalisation of $7.1 billion. The trade volume was $181.1 million in the last 24 hours.
