homephotos Newscryptocurrency NewsBitcoin holds ground below $17,000, Ethereum slips 3.9% as cryptocurrencies fall

Bitcoin holds ground below $17,000, Ethereum slips 3.9% as cryptocurrencies fall

SUMMARY

Cryptocurrencies fell on Thursday. The global crypto market cap stood at $834.2 billion, with a volume of nearly $60.2 billion in the past 24 hours.

Profile image

By Asmita Pant  Nov 17, 2022 9:29:27 AM IST (Updated)

Listen to the Article(6 Minutes)
2 Min Read
CNBCTV18
Image count1 / 8

Bitcoin | The world's largest and most popular virtual currency, Bitcoin, fell 1.9 percent to $16,620.8. Its market value stood at $320.3 billion. The trade volume was at $33.4 billion.

CNBCTV18
Image count2 / 8

"Even though BTC rose on Tuesday, reacting to the latest inflation news, it could not sustain the gains. If BTC remains below the $17,622 level, it may increase the prospect of a break below the $15,588 zone," said Edul Patel, CEO and co founder Mudrex.

CNBCTV18
Image count3 / 8

Ethereum | The second largest virtual currency, Ethererum or Ether, fell 3.9 percent to $1,210.6 with a market capitalisation of $148.9 billion. The trade volume of Ethereum was $12 billion in the last 24 hours.

CNBCTV18
Image count4 / 8

On Ethereum, Patel said, "If the selling pressure intensifies, we may see ETH drop to $1,100. This is due to increasing selling pressure as investors move away from riskier assets."

CNBCTV18
Image count5 / 8

Dogecoin | Meme-based virtual currency, Dogecoin, fell 1.8 percent on Thursday. Its market value stood at $11.4 billion. The trade volume was at $713 million.

CNBCTV18
Image count6 / 8

Shiba Inu | Shiba Inu fell 0.9 percent with a market capitalisation of $5.1 billion. The trade volume was $224 million in the last 24 hours.

CNBCTV18
Image count7 / 8

Solana | Solana slipped 1.9 percent to $14.2 with a market capitalisation of nearly $5.2 billion. The trade volume of Solana was $479.1 million in the last 24 hours.

CNBCTV18
Image count8 / 8

Polygon | Polygon slumped 4.9 percent with a market capitalisation of $7.9 billion. The trade volume was $481.3 million in the last 24 hours.

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!
arrow down

Most Read

Share Market Live

View All
Top GainersTop Losers
CurrencyCommodities
CurrencyPriceChange%Change