How 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.