Bitcoin, Ethereum And Most Other Tokens Edge Lower

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Bitcoin | The world’s largest and most popular virtual currency, Bitcoin, traded nearly flat at $16,827.5. Its market value stood at $324.5 billion. The trade volume was at $13.6 billion.

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“Bitcoin consolidated below the $17,000 level as market volatility remained high following the recent FOMC’s minutes. BTC’s immediate support lies at the $16,800 level. And the resistance lies at $16,900 and then $17,000. However, a clear move above the $17,000 level might create a sense of confidence among the bulls to move further,” said Edul Patel, CEO and Co-Founder of Mudrex.

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Ethereum | The second largest virtual currency, Ethererum or Ether, fell 0.3 percent to $1,251.2 with a market capitalisation of $153.5 billion. The trade volume of Ethereum was $3.9 billion in the last 24 hours.

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On Ethereum, Patel said, “Ethereum has broken its nearest resistance level at $1,205 in the past 24 hours. If buyers can hold the gained initiative, ETH may rise towards the $1,236 level.”

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Dogecoin | Meme-based virtual currency, Dogecoin, slipped nearly two percent on Friday. Its market value stood at $9.5 billion. The trade volume was at $376.2 billion.

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Shiba Inu | Shiba Inu rose 0.4 percent with a market capitalisation of $4.6 billion. The trade volume was $266.3 million in the last 24 hours.

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Solana | Solana fell 0.1 percent to $13.2 with a market capitalisation of $4.9 billion. The trade volume of Solana was $187.6 million in the last 24 hours.

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Polygon | Polygon slipped nearly two percent with a market capitalisation of $6.9 billion. The trade volume was $192.5 million in the last 24 hours.