SUMMARY
Cryptocurrencies extended losses on Tuesday. Bitcoin slipped below $19,000 and Ethereum fell back below $1,300. The global crypto market cap stood at $917.6 billion, with a volume of $54.3 billion in the past 24 hours.
1 / 8Bitcoin | The world’s largest and most popular virtual currency, Bitcoin, slumped 2.7 percent to $18,967.2. Its market value stood at $364.9 billion. The trade volume was at $28.8 billion.
2 / 8“BTC falls to the $18,000 level, indicating the sellers are trying to strengthen their positions by pulling the price below the uptrend line. If they manage to do it, we might see BTC drop to $18,125 and then to $17,622 support levels,” said Edul Patel, CEO and co-founder of Mudrex.
3 / 8Ethereum | The second largest virtual currency, Ethererum or Ether, slipped 3.8 percent to $1,273.5 with a market capitalisation of $156.8 billion. The trade volume of Ethereum was $9.5 billion in the last 24 hours.
4 / 8On Ethereum, Patel said, “If ETH dips below the current level, the selling could intensify, dropping to the support line. The next resistance of ETH would be at the $1,350 level. However, if bears take over a pullback, we might also see ETH trade lower at the $1,200 level.”
5 / 8Dogecoin | Meme-based virtual currency, Dogecoin, plunged almost six percent on Tuesday. Its market value stood at $7.8 billion. The trade volume was at $305.1 billion.
6 / 8Solana | Solana slumped 5.1 percent to $31.5 with a market capitalisation of $11.3 billion. The trade volume of Solana was $683 million in the last 24 hours.
7 / 8Shiba Inu | Shiba Inu fell 8.2 percent with a market capitalisation of $5.5 billion. The trade volume was $246.2 million in the last 24 hours.
8 / 8Polygon | Polygon fell 3.9 percent to $0.8 with a market capitalisation of $6.9 billion. The trade volume was $344.4 million in the last 24 hours.
