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Cryptocurrency today: Bitcoin above $16,000, Ethereum up 3.3%

SUMMARY

Most cryptocurrencies extended gains on Thursday. The global crypto market cap stood at $837.4 billion, with a volume of $62.8 billion in the past 24 hours.

By Asmita Pant  Nov 24, 2022 10:13:59 AM IST (Updated)

2 Min Read

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Bitcoin | The world's largest and most popular virtual currency, Bitcoin, rose 1.2 percent to $16,695.3. Its market value stood at $321 billion. The trade volume was at $33.2 billion.

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"Bitcoin has surged in the past 24 hours reacting to the news of Coinbase having two million BTC reserves as of the end of Quarter 3. If BTC can hold the gained initiative, it might trade above $18,000 by the end of this week. If the price falls below the current level, it will provide a decent win for bears," said Edul Patel, CEO and Co Founder of Mudrex.

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