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Crypto Price Today: Bitcoin continues to be above $23,000 mark, other tokens trade mixed

SUMMARY

Cryptocurrencies traded mixed on Friday. The global crypto market cap stood at $1.07 trillion, with a volume of $61.2 billion in the past 24 hours.

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By Asmita Pant  Feb 3, 2023 11:32:46 AM IST (Updated)

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Bitcoin | The world's largest and most popular virtual currency, Bitcoin, was 1.8 percent down at $23,439.2 on the last count. Its market value stood at $454.2 billion. The trade volume was at $29.5 billion. The token has gained 3.6 percent in the last seven days.

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"Bitcoin rose above $24,000 on Thursday as markets continued to react to the latest Federal Reserve policy. This was the first time since August that BTC reached this level. However, it soon fell back to $23,500 as it experienced volatility," said Edul Patel, CEO and Co-Founder of Mudrex.

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Ethereum | The second largest virtual currency, Ethererum or Ether, fell two percent to $1,635.6 with a market capitalisation of $201.5 billion. The trade volume of Ethereum was $9.4 billion in the last 24 hours. The token has climbed nearly five percent in the last one week.

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On Ethereum, Patel said, "Ethereum rallied with prices close to $1,700, its highest since September. The current resistance for Ethereum is at $1,700, with the next major resistance at $1,720. If it cannot break through the $1,700 resistance, a downward correction may occur."

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Dogecoin | Meme-based virtual currency, Dogecoin, fell 3.7 percent to $0.1. Its market value stood at almost $12.1 billion. The trade volume was at $697.4 million.

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Solana | Solana plunged 4.3 percent to $24.2 with a market capitalisation of $9 billion. The trade volume of Solana was $906 million in the last 24 hours.

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Shiba Inu | Shiba Inu rose 0.8 percent with a market capitalisation of $6.7 billion. The trade volume was $524.4 million in the last 24 hours.

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Polygon | Polygon fell 3.4 percent to $1.2 with a market capitalisation of $10.4 billion. The trade volume was $707.6 million in the last 24 hours.

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