crypto price today: Crypto Price Today: Bitcoin above $16,500; crypto m-cap crosses $800 billion

Synopsis

The global cryptocurrency market cap was trading higher around $806.83 billion, rising 1.03% in the last 24 hours.

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Explore NowNew Delhi: The crypto market was trading higher on Tuesday. Buying was seen in all major cryptocurrencies and the total crypto m-cap crossed the $800 billion mark.

“The overall crypto m-cap crossed the $800 billion mark, with heavyweights like Bitcoin and Ether, leading the effort. Solana, which was battered after the FTX contagion fears, returned to a double-digit gain after a massive surge of over 12% in 24 hours. Solana received positive tweet support from the Ethereum founder that the chain has a bright future, which may have created positive investor sentiment around SOL,” Shivam Thakral, CEO of BuyUcoin, said.

Most of the other tokens were also trading higher on Tuesday. Solana gained 17.55%. Bitcoin, Ethereum, Binance, Dogecoin, Polygon, and Litecoin were also trading higher. However, Leo and Toncoin were trading lower.

The global cryptocurrency market cap was trading higher around $806.83 billion, rising 1.03% in the last 24 hours.

The total volume in DeFi is currently $1.72 billion, 7.30% of the total crypto market 24-hour volume. The volume of all stablecoins is now $21.19 billion, 90.05% of the total crypto market 24-hour volume.

The price of Bitcoin, the world’s largest cryptocurrency, hovered around $321 billion, with a dominance of about 39.86%, a decrease of 0.24% over the day, according to CoinMarketCap.

Crypto Cart: Quick Glance (Source: coinmarketcap.com, data as of 11.17 hours, IST on January 03, 2023)

  • Bitcoin $16,715.32 0.38%
  • Ethereum $1,216.61 1.16%
  • Tether $0.9998 0.01%
  • USD Coin $1 -0.01%
  • BNB $246.30 0.97%
  • XRP $0.3471 5.30%
  • Dogecoin 0.07187 2.47%
  • Cardano $0.2538 1.58%
  • Polygon $0.7819 3.31%
  • Polkadot $4.51 1.26%
  • Tron $0.05535 1.20%
  • Litecoin $75.62 7.14%
  • Shiba Inu $0.000008177 1.04%
  • Solana $11.71 17.42%

Note: Price change in last 24 hours

Tech View
“Ethereum took a sharp dive in the third week of December, going from about $1,350 to $1,150 in a matter of days. Since then, it continues to trade between the fib resistance at $1,228 and the fib support at $1,150,” Giottus Crypto Platform said.

“ETH seems to be forming a bear flag now. It is also trading fairly below its 200-day moving average at $1,385, remaining firmly in a downtrend. While it has some support below, given the nature of the market, the support at $1,150 will be a key one, and if the price falls below, $1,075. Bears might try to further pull it down to the psychological support at $1,000. On the other hand, ETH is close to the strong resistance at $1,228, followed by targets at $1,250 and $1,275,” it added.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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    Updated: 01/03/2023 — 02:00