How Are These Top 2 Cryptocurrencies Performing Today: Bitcoin, Ethereum

Cryptocurrency Price Today: The crypto market traded in the red today (Friday) as the price of the top two leading cryptocurrencies, Bitcoin and Ethereum, were under pressure, down 1.39% and 5.75% at the time of writing. The global crypto market cap fell 1.03% at $852.30B, tracking negative cues from the equity markets following the 50bps rate hike by the Federal Reserve. 

The total crypto market volume over the last 24 hours is $33.73B, which makes a 25.64% decrease. Let us look at the Bitcoin price, Ethereum price, and other market movers. 

Bitcoin price today, December 16:

Bitcoin price today slumped 1.39% to USD$17,491.18 with a 24-hour trading volume of USD$20,111,311,833 USD. The world’s largest cryptocurrency has a live market cap of USD$336,445,973,040.

The increasing selling pressure seems to have pulled down Bitcoin price on Thursday and even today. It is believed that until Bitcoin reaches above $18,000, bears will likely outperform bulls.

Ethereum Price Today, December 16:

Ethereum price today was spotted trading 5.75% lower at USD$1,213.57 with a 24-hour trading volume of$6,695,959,575. With a live market cap of USD$148,509,257,949, Ethereum holds its position as the world’s second-largest cryptocurrency. 

With Ethereum’s support and resistance at $1,150 and $1,350, as per market analysts, it could attract buyers back to the market.

Dogecoin | The world’s most popular meme coin Dogecoin, fell 1.28% on Friday. Its market value stands at $11.4 billion, according to coinmarketcap data. The trade volume was at $367 million.

Shiba Inu price today:

Shiba Inu price today is USD$0.000009, up 0.51%, with a 24-hour trading volume of USD$83,639,699. The current CoinMarketCap ranking of Shiba Inu is 16.

Polygon (MATIC) and Solana prices were also down today. Polygon price fell 1.32% at USD$0.886166, whereas Solana price was spotted trading 0.62% lower at USD$14.03.

Priyanka currently covers the latest developments in the crypto market, NFTs, Metaverse, ICOs, and Blockchain. She likes writing research-based, informative articles for investors, especially those who are new in the market. She holds MBA and is currently dwelling deep into the crypto market.
Priyanka studied journalism at the Indian Institute of Mass Communication, New Delhi, and started her career as a journalist in an English daily, “The Pioneer.” She has over five years of experience. During this time, she was also associated with political consultancy firms such as IPAC and worked on governance-related issues. Later, Priyanka developed a strong interest in finance, and while she was completing her MBA, she worked as an analyst in a renowned equity research firm. Having covered global equities, IPOs, ASX 200, commodities to market moving stories across North America, she realized there is much more to explore. It was then she decided to get into the crypto market.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.