homephotos Newscryptocurrency NewsCryptocurrency prices: Bitcoin above $17,000, Ethereum jumps 1%

Cryptocurrency prices: Bitcoin above $17,000, Ethereum jumps 1%

SUMMARY

Cryptocurrencies traded mixed on Thursday. The global crypto market cap stood at nearly $860 billion, with a volume of nearly $49 billion in the past 24 hours.

Profile image

By Asmita Pant  Dec 1, 2022 8:47:31 AM IST (Published)

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

Bitcoin | The world's largest and most popular virtual currency, Bitcoin, rose one percent to $17,132.4. Its market value stood at $328.9 billion. The trade volume was at nearly $27 billion.

CNBCTV18
Image count2 / 8

"Bitcoin traded higher on Wednesday as market participants reacted to Powell's remarks on interest rates after trading much of the past month below the $17,000 level. If the price can move above the current level, the next resistance would be at $17,622. However, if it falls below that level, BTC might consolidate between $15,476 and $16,910," said Edul Patel, CEO and Co-Founder of Mudrex. 

CNBCTV18
Image count3 / 8

Ethereum | The second largest virtual currency, Ethererum or Ether, rose 1.4 percent to $1,289.3 with a market capitalisation of $157.3 billion. The trade volume of Ethereum was $8.5 billion in the last 24 hours.

CNBCTV18
Image count4 / 8

On Ethereum, Patel said, "Ethereum also rose above the $1,250 level. This indicates a rise in demand. The next resistance of ETH would lie at $1,335."

CNBCTV18
Image count5 / 8

Dogecoin | Meme-based virtual currency, Dogecoin, fell nearly three percent on Thursday. Its market value stood at $13.8 billion. The trade volume was at $1.2 billion.

CNBCTV18
Image count6 / 8

Shiba Inu | Shiba Inu fell 0.6 percent with a market capitalisation of $5.1 billion. The trade volume was $163.2 million in the last 24 hours.

CNBCTV18
Image count7 / 8

Solana | Solana increased 0.8 percent to $13.9 with a market capitalisation of $5.1 billion. The trade volume of Solana was $317.1 million in the last 24 hours.

CNBCTV18
Image count8 / 8

Polygon | Polygon jumped 6.4 percent with a market capitalisation of $8.1 billion. The trade volume was nearly $495 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