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Cryptocurrency prices: Bitcoin above $22,000, Ethereum and Shiba Inu fall

Cryptocurrency prices: Bitcoin above $22,000, Ethereum and Shiba Inu fall

Cryptocurrency prices: Bitcoin above $22,000, Ethereum and Shiba Inu fall
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By Asmita Pant  Sept 13, 2022 10:32:17 AM IST (Updated)

Bitcoin — the world's largest and most popular virtual currency — rose above $22,000. Bitcoin climbed 1.8 percent to $22,176. Its market value stood at $423.7 billion. The trade volume was at $48.3 billion. 

Major cryptocurrencies traded mixed on Tuesday amid gains across global equities. The global crypto market cap stood at $1.05 trillion with a volume of $91.02 billion in the past 24 hours.

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Bitcoin — the world's largest and most popular virtual currency — rose above $22,000. Bitcoin climbed 1.8 percent to $22,176. Its market value stood at $423.7 billion. The trade volume was at $48.3 billion.
Edul Patel, CEO and co-founder of Mudrex, "Bitcoin rose above the $22,000 level in the past 24 hours as the buying strength increased. BTC extended a relief rally for the fourth consecutive day after a period of consolidation. If BTC manages to hold above the current level, the next immediate resistance of BTC could be at $24,00."
Ethererum or Ether — the second largest virtual currency — fell 2.5 percent to $1,694.6 with a market capitalisation of $206.5 billion. The trade volume of Ethereum was $17.3 billion in the last 24 hours.
On Ethereum, Patel said, "If ETH can hold above the $1,689 level, it will bounce back to the $1,700 mark. But if it fails to do so, one can expect the test of a critical support level at $1,650."
Meme-based virtual currency Dogecoin was 0.2 percent up with a trading volume of $375.6 million. Shiba Inu was trading 1.8 percent lower while Solana jumped 8.7 percent to $38.1 billion.
On the domestic front, Indian equity indices — BSE Sensex and NSE Nifty50 — are expected to open in the green on Tuesday tracing gains across global markets.
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