Cryptocurrency Price Today: The crypto market was trading in the red today (Friday) as the price of the two major cryptocurrencies, Bitcoin and Ethereum, was under pressure, falling 1.39% and 5.75% at the time of writing. The global crypto market cap fell 1.03% to $852.30 billion, following negative signals from the stock markets following the Federal Reserve’s 50 basis point interest rate hike.

The total crypto market volume in the last 24 hours $33.73 billionwhat a 25.64% to shrink. Let’s take a look at the price of Bitcoin, Ethereum price and other market movers.

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Bitcoin price today, December 16:

Bitcoin price fell 1.39% to USD $17,491.18 today 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.

Mounting selling pressure appears to have lowered Bitcoin’s price Thursday and even today. It is believed that until Bitcoin reaches above $18,000, bears are likely to outperform bulls.

Ethereum price today, December 16:

Ethereum price today was spotted 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 maintains its position as the world’s second largest cryptocurrency.

With Ethereum’s support and resistance at $1,150 and $1,350, according to market analysts, it could lure buyers back into 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. Trading volume was $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. Shiba Inu’s current CoinMarketCap ranking is 16.

Prices of Polygon (MATIC) and Solana also fell today. The Polygon price was down 1.32% at USD$0.886166, while the Solana price traded 0.62% lower at USD$14.03.

Priyanka is currently covering the latest developments in the crypto market, NFTs, Metaverse, ICOs and Blockchain. She enjoys writing research-based, informative articles for investors, especially those new to the market. She has an MBA and is currently deep into the crypto market. Priyanka studied journalism at the Indian Institute of Mass Communication, New Delhi, and started her career as a journalist for the English daily newspaper ‘The Pioneer’. She has more than five years of experience. During this time she was also associated with political consultancies such as IPAC and worked on governance related issues. Later, Priyanka developed a strong interest in finance, and while completing her MBA, she worked as an analyst at a reputable stock research firm. After discussing global stocks, IPOs, ASX 200, commodities and moving stories in North America, she realized there was much more to discover. It was then that she decided to enter the crypto market.

The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication is not responsible for your personal financial loss.



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