homephotos Newscryptocurrency NewsCryptocurrency prices today: Bitcoin slips below $19,000, Ethereum falls 7%

Cryptocurrency prices today: Bitcoin slips below $19,000, Ethereum falls 7%

SUMMARY

Cryptocurrencies extended losses on Wednesday, with Bitcoin slipping below $19,000. The global crypto market cap stood at almost $916.12 billion, with a volume of $92.30 billion in the past 24 hours.

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By Asmita Pant  Sept 28, 2022 10:40:21 AM IST (Published)

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Bitcoin | The world's largest and most popular virtual currency, Bitcoin, slumped 6.5 percent to $18,757.2. Its market value stood at $360.3 billion. The trade volume was at $56.3 billion.

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"If BTC can close above the $19,200 level, we might see decent growth in the coming days. If BTC fails to recover above the $19,200 resistance, the immediate support lies at $18,600," said Edul Patel, CEO and co-founder of Mudrex.

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Ethereum | The second largest virtual currency, Ethererum or Ether, fell seven percent to $1,283.8 with a market capitalisation of $157.7 billion. The trade volume of Ethereum was $17.7 billion in the last 24 hours.

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On Ethereum, Patel said, "ETH's immediate support lies at $1,200, while resistance is at $1,300. This downward trend is due to increased selling pressure after the US Dollar regained its strength."

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Dogecoin | Meme-based virtual currency, Dogecoin, slumped 4.9 percent to $0.1. Its market value stood at $7.9 billion. The trade volume was at $337.6 billion.

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Solana | Solana plunged 6.8 percent to $32.4 with a market capitalisation of $11.4 billion. The trade volume of Solana was $1.1 billion in the last 24 hours.

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Shiba Inu | Shiba Inu fell 3.8 percent with a market capitalisation of $6 billion. The trade volume was $271.9 million in the last 24 hours.

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Polygon | Polygon fell 6.5 percent to $0.7 with a market capitalisation of $6.3 billion. The trade volume was $451.3 million in the last 24 hours.

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