Bitcoin Continues To Trade Below $20,000; Ethereum Slips Below $1,300

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Bitcoin | The world’s largest and most popular virtual currency, Bitcoin, fell 0.8 percent to $19,162.9. Its market value stood at $367.8 billion. The trade volume was at $23 billion. The token has gained 1.8 percent in the last seven days.

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“BTC failed to hold above the $20,000 level last week due to a lack of buying activity above that level. If BTC can break above the $19,500 level, the immediate resistance would be $20,000,” said Edul Patel, CEO and Co-Founder of Mudrex.

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Ethereum | The second largest virtual currency, Ethererum or Ether, was 1.4 percent down at $1,290.8 with a market capitalisation of $158.7 billion. The trade volume of Ethereum was almost $8.5 billion in the last 24 hours. The token has fallen 0.7 percent in the last seven days.

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On Ethereum, Patel said, “The second largest cryptocurrency, Ethereum, was changing hands between the $1,200 level. The slowdown in the market is due to investors digesting the hawkish comments by the US central bank in a speech on Friday.”

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Dogecoin | Meme-based virtual currency, Dogecoin, slumped 2.2 percent to $0.1. Its market value stood at $7.9 billion. The trade volume was at $208.6 billion.

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Solana | Solana fell 1.8 percent to $32.3 with a market capitalisation of $11.5 billion. The trade volume of Solana was $540.2 million in the last 24 hours.

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Shiba Inu | Shiba Inu fell 0.9 percent with a market capitalisation of $6.1 billion. The trade volume was $204.9 million in the last 24 hours.

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Polygon | Polygon rose 0.4 percent to $0.8 with a market capitalisation of $6.8 billion. The trade volume was $233.3 million in the last 24 hours.