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Cryptocurrency prices: Bitcoin, Ethereum rise, other tokens trade mixed ahead of US inflation data
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Cryptocurrency prices: Bitcoin, Ethereum rise, other tokens trade mixed ahead of US inflation data
Dec 13, 2022 4:01 AM

Bitcoin | The world's largest and most popular virtual currency, Bitcoin, rose 1.1 percent to $17,125.5. Its market value stood at $330 billion. The trade volume was at nearly $17.8 billion.

"Bitcoin rose above the $17,000 level in the past 24 hours, but failed to break through the $17,300 level. The immediate support for BTC is at $17,050, and the resistance is at $17,250, said Edul Patel, CEO and Co-Founder of Mudrex.

Ethereum | The second largest virtual currency, Ethererum or Ether, rose 0.9 percent to $1,257.6 with a market capitalisation of $155.2 billion. The trade volume of Ethereum was $4.7 billion in the last 24 hours.

On Ethereum, Patel said, "If the bulls can maintain their presence in the market, a breakout above the $1,300 level may be possible. However, if ETH falls from its current level, the next support level would be at $1,251."

Dogecoin | Meme-based virtual currency, Dogecoin, fell 0.6 percent on Tuesday. Its market value stood at $11.8 billion. The trade volume was at $527.7 billion.

Shiba Inu | Shiba Inu fell two percent with a market capitalisation of $4.8 billion. The trade volume was $100.4 million in the last 24 hours.

Solana | Solana fell 1.6 percent to $12.8 with a market capitalisation of $4.8 billion. The trade volume of Solana was $176.4 million in the last 24 hours.

Polygon | Polygon fell 0.6 percent with a market capitalisation of $7.8 billion. The trade volume was nearly $220.5 million in the last 24 hours.

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