NewsletterHow Are These Top 2 Cryptocurrencies Performing Today: Bitcoin, Ethereum
Cryptocurrency Price Today: The crypto market traded in the red today (Friday) as the price of the top two leading cryptocurrencies, Bitcoin and Ethereum, were under pressure, down 1.39% and 5.75% at the time of writing. The global crypto market cap fell 1.03% at $852.30B, tracking negative cues from the equity markets following the 50bps rate hike by the Federal Reserve.
The total crypto market volume over the last 24 hours is $33.73B, which makes a 25.64% decrease. Let us look at the Bitcoin price, Ethereum price, and other market movers.
Bitcoin price today, December 16:
Bitcoin price today slumped 1.39% to USD$17,491.18 with a 24-hour trading volume of USD$20,111,311,833 USD. The world’s largest cryptocurrency has a live market cap of USD$336,445,973,040.
The increasing selling pressure seems to have pulled down Bitcoin price on Thursday and even today. It is believed that until Bitcoin reaches above $18,000, bears will likely outperform bulls.
Ethereum Price Today, December 16:
Ethereum price today was spotted trading 5.75% lower at USD$1,213.57 with a 24-hour trading volume of$6,695,959,575. With a live market cap of USD$148,509,257,949, Ethereum holds its position as the world’s second-largest cryptocurrency.
With Ethereum’s support and resistance at $1,150 and $1,350, as per market analysts, it could attract buyers back to the market.
Dogecoin | The world’s most popular meme coin Dogecoin, fell 1.28% on Friday. Its market value stands at $11.4 billion, according to coinmarketcap data. The trade volume was at $367 million.
Shiba Inu price today:
Shiba Inu price today is USD$0.000009, up 0.51%, with a 24-hour trading volume of USD$83,639,699. The current CoinMarketCap ranking of Shiba Inu is 16.
Polygon (MATIC) and Solana prices were also down today. Polygon price fell 1.32% at USD$0.886166, whereas Solana price was spotted trading 0.62% lower at USD$14.03.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- BLS to Release Jobs Report on Nov. 20 as Uncertainty Over Fed Rate Cut Persists
- JPMorgan calls Bitcoin Price Bottom, Predicts It Will Challenge Gold Next Year
- Zcash to Surpass XRP? Arthur Hayes Makes Bold Claim Amid ZEC’s 45% Rally
- BlackRock Bitcoin ETF’s Biggest Outflow Ever Sparks Panic, But Kiyosaki Stays Bullish
- Bitcoin Can Rebound Anytime So Long Capital Keeps Flowing In, Says CryptoQuant CEO
- What the New Bitcoin Model Predicts About a Possible $200K BTC Price Target?
- Zcash Price Soars 45%: Here’s Why
- Bitcoin Price Pattern Points to a Crash to $62k as Fed Cut Odds Fall to 54%
- Zcash Price Defies Market Crash: Will Shrinking Exchange Netflows Keep ZEC Rallying?
- XRP, DOGE & ADA Price Outlook: How Low Can These Altcoins Drop Next?
- Ethereum Price Sheds 10% but Lands on the $3,150 Accumulation Base — Is a Buy-the-Dip Bounce Ahead?
