Crypto Price Today: Bitcoin Below $16,900; Tron drops more than 7%

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New Delhi: Cryptocurrency markets were trading lower on Friday as selling was seen in major cryptocurrencies. Bitcoin fell 0.12% and slipped below $16,900, while its larger counterpart Ethereum was trading at $1,250, down 0.30%.

“Bitcoin remained below the $17,000 level as the market remained volatile following the recent release of the Federal Open Market Committee (FOMC) minutes. Immediate support for BTC is at the $16,800 level, with resistance at $16,900 then $17,000,” Edul Patel, CEO and co-founder of Mudrex, said.

However, a clear move above these levels could create a sense of confidence among the bulls to go further, he said.

Most other major crypto tokens were also trading lower on Friday. Tron fell 7.62%. Binance, XRP, Dogecoin, Polygon, and Litecoin were also trading lower. The global cryptocurrency market capitalization was trading lower at around $816.21 billion, down 0.54% in the past 24 hours.

Total DeFi volume is currently $1.90 billion, or 6.90% of the total 24-hour crypto market volume. The volume of all stablecoins is now $26.47 billion, or 96.34% of the total 24-hour crypto market volume. The price of Bitcoin, the world’s largest cryptocurrency, hovered around $324 billion, with a dominance of around 39.67%, an increase of 0.17% on the day, according to CoinMarketCap. “Bitcoin and Ethereum continue to be stable despite concerns surrounding the economy and the hawkish stance taken by central banks. crypto next week,” said Shivam Thakral, CEO of BuyUcoin. , said. Global Updates: Cryptocurrency lender Genesis has cut 30% of its workforce in a second round of layoffs in less than six months, according to people familiar with the matter. The crypto firm’s lending arm, Genesis Global Capital, froze client withdrawals on Nov. 16, citing “unprecedented market dislocation” following the collapse of major crypto exchange FTX.

(With agency contributions) Crypto Cart: Fast

(Source: coinmarketcap.com, data as of 12:01 a.m., IST on January 04, 2023)

-Bitcoin $16,821.51 -0.19% -Ethereum $1,249.92 -0.37% -Tether $0.9997 -0.01% -USD coin $0.9999 -0.01% -BNB $257.22 -0.61% -XRP $0.3358 -3.38% -Dogecoin $0.07524 -1.73% -Cardonard $0.7829 -2.67% -Polkadot $4.63 -0.16% -Tron $0.05082 -7.14% -Litecoin $74.24 -2.45% -Shiba Inu $0.000008386 -2.77% -Solana $13.18 -1.31%

(Note: price change in the last 24 hours)

(Disclaimer: The recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

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