1 Min Read
Major cryptocurrencies extended losses on Wednesday amid fall across global markets. The global crypto market cap stood at $995.35 billion with a volume of $101.14 billion in the past 24 hours.
Bitcoin — the world's largest and most popular virtual currency — slumped below $21,000. Bitcoin fell 7.8 percent to $20,423. Its market value stood at $389.8 billion. The trade volume was at $51.2 billion.
Edul Patel, CEO and co-founder of Mudrex, said, "If buyers can keep BTC above the current level, we might see price action."
Ethererum or Ether — the second largest virtual currency — fell 6.6 percent to $1,589.3 with a market capitalisation of $194.2 billion. The trade volume of Ethereum was $23.1 billion in the last 24 hours.
On Ethereum, Patel said, "If buyers can keep ETH above the $1,500 level, we may expect a local bounce back."
Meme-based virtual currency Dogecoin was 4.5 percent down with a trading volume of almost $8 billion. Shiba Inu was trading 3.1 percent lower while Solana fell 11.2 percent to $33.6 billion.
On the domestic front, Indian equity indices — BSE Sensex and NSE Nifty50 — are expected to make a gap down start on Wednesday tracing losses across global markets.
First Published: Sept 14, 2022 8:21 AM IST
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
Recommended ArticlesView All
Former Binance CEO Changpeng Zhao must stay in US for the time being, judge says
Nov 28, 2023 IST2 Min Read
Binance to pay record $4.3 billion fine for breaking US anti-money laundering laws, loses CEO
Nov 22, 2023 IST7 Min Read
US is seeking more than $4 billion from Binance to end case
Nov 21, 2023 IST5 Min Read
Factbox-How close are crypto markets to first spot bitcoin, ether ETFs?
Nov 20, 2023 IST3 Min Read