Bitcoin Above $17,000 As Crypto Market Recovers

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By Asmita Pant   IST (Published)

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SUMMARY

Most cryptocurrencies reversed some losses incurred in the previous session on Friday as market recovers after the confidence returned over the macroeconomic outlook and FTX partially started to open withdrawals to users. The global crypto market cap stood at $862.5 billion, with a volume of $139 billion in the past 24 hours.

bitcoin, crypto, cryptocurrencies, cryptocurrency prices, cryptocurrency prices October 13, bitcoin prices October 13
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Bitcoin | The world’s largest and most popular virtual currency, Bitcoin, rose three percent to $17,224. Its market value stood at $327.1 billion. The trade volume was at $76.3 billion.

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“The price of BTC has gained by six percent, currently trading above the $17,000 level. If BTC falls below the current level, the next major support would be in the $16,500 range,” said Edul Patel, CEO and co-founder of Mudrex.

Ethereum, crypto, cryptocurrencies, cryptocurrency prices, cryptocurrency prices October 13, ethereum prices October 13
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Ethereum | The second largest virtual currency, Ethererum or Ether, jumped 6.2 percent to $1,249.1 with a market capitalisation of $150.8 billion. The trade volume of Ethereum was $26.5 billion in the last 24 hours.

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On Ethereum, Patel said, “The second largest cryptocurrency, Ethereum, has also gained by nine percent recovering above the $1,250 level as investors await the next price movement.”

Dogecoin, crypto, cryptocurrencies, cryptocurrency prices, cryptocurrency prices October 13, Dogecoin prices October 13
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Dogecoin | Meme-based virtual currency, Dogecoin, climbed 4.6 percent on Friday. Its market value stood at $11.3 billion. The trade volume was at $2.3 billion.

Solana, crypto, cryptocurrencies, cryptocurrency prices, cryptocurrency prices October 13, Solana prices October 13
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Solana | Solana surged 13 percent to $17.2 with a market capitalisation of $6.1 billion. The trade volume of Solana was $3.8 million in the last 24 hours.

Shiba Inu, crypto, cryptocurrencies, cryptocurrency prices, cryptocurrency prices October 13, Shiba Inu prices October 13
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Shiba Inu | Shiba Inu rose 4.3 percent with a market capitalisation of $5.6 billion. The trade volume was $467.7 million in the last 24 hours.

Polygon, crypto, cryptocurrencies, cryptocurrency prices, cryptocurrency prices October 13, Polygon prices October 13
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Polygon | Polygon plunged 12.8 percent to $1.1 with a market capitalisation of $9.2 billion. The trade volume was $2.2 billion in the last 24 hours.


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