Cryptocurrencies Performing Today 16TH DEC 2022
The crypto market was in the red today (Friday) because the prices of Bitcoin and Ethereum, the two most popular cryptocurrencies, were going down. At the time of writing, Bitcoin was down 1.39 percent and Ethereum was down 5.75 percent.
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After the Federal Reserve raised interest rates by 50 basis points, the value of all cryptocurrencies on the market fell by 1.03%, to $852.30 billion. This was in line with bad news from the stock markets.
In the last 24 hours, the total volume of the crypto market was $33.73B, which is a decrease of 25.64%. Let’s look at the prices of Bitcoin, Ethereum, and other things that move the market.
Today, December 16, the price of Bitcoin
Today, December 16, the price of Bitcoin fell 1.39 percent to USD$17,491.18 and a total of USD$20,111,311,833 was traded in 24 hours. The current market cap of the biggest cryptocurrency in the world is USD$336,445,973,040.
Price of Bitcoin
The price of Bitcoin seems to have gone down on Thursday and is still going down today. People think that bears will do better than bulls until Bitcoin goes above $18,000.
Today, December 16, the Ethereum price
Today, December 16, the Ethereum price was seen trading 5.75 percent lower at $1,213.57 USD, with a 24-hour trading volume of $6,695,959,575. Ethereum is still the second-largest cryptocurrency in the world, with a current market cap of USD$148,509,257,949.
Analysts say that if support and resistance for Ethereum are at $1,150 and $1,350, it could bring buyers back to the market.
The most popular meme coin in the world, Dogecoin, lost 1.28% of its value on Friday. Based on data from coinmarketcap, its value on the market is $11.4 billion. The amount of trade was $367 million.
Shiba Inu price today:
The price of Shiba Inu today is USD$0.000009, which is up 0.51%. In the last 24 hours, USD$83,639,699 worth of Shiba Inus have been traded. Shiba Inu is ranked 16 on CoinMarketCap right now.
Prices of Polygon
The prices of Polygon (MATIC) and Solana also went down today. The price of Polygon fell 1.32 percent to USD$0.886166, while the price of Solana fell 0.62 percent to USD$14.03.
Source: Google Trend