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By Asmita Pant IST (Published)
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SUMMARY
Cryptocurrencies extended losses on Tuesday. The global crypto market cap stood at $1 trillion, with a volume of $94.8 billion in the past 24 hours.
1 / 8Bitcoin | The world’s largest and most popular virtual currency, Bitcoin, slumped 3.1 percent to $20,270. Its market value stood at $392.4 billion. The trade volume was at $54 billion.
2 / 8“Bitcoin is trading above its critical level at $20,500, it has struggled to break above $21,000. BTC has been down by nearly two percent since the previous day due to low volume. If buyers can seize the initiative, we might see it reach the $21,000 mark, or we might see it fall to the $20,400 level,” said Edul Patel, CEO and Co-Founder of Mudrex.
3 / 8Ethereum | The second largest virtual currency, Ethererum or Ether, plunged four percent to $1,523.6 with a market capitalisation of $187.5 billion. The trade volume of Ethereum was almost $15.8 billion in the last 24 hours.
4 / 8On Ethereum, Patel said, “The price of ETH needs to stay above the $1,500 level for it to rally towards $1,700 in the coming days.”
5 / 8Dogecoin | Meme-based virtual currency, Dogecoin, plummeted 11.7 percent on Tuesday. Its market value stood at $14.2 billion. The trade volume was at $1.4 billion.
6 / 8Solana | Solana nosedived almost 17 percent to $26.9 with a market capitalisation of $9.7 billion. The trade volume of Solana was $2.9 billion in the last 24 hours.
7 / 8Shiba Inu | Shiba Inu fell 7.4 percent with a market capitalisation of $6.2 billion. The trade volume was $362.4 million in the last 24 hours.
8 / 8Polygon | Polygon fell 6.8 percent to $1.1 with a market capitalisation of $10 billion. The trade volume was $1.6 million in the last 24 hours.
