Bitcoin (BTC) and Ethereum (ETH) Market Update - November 17, 2022
Stay up-to-date on the latest cryptocurrency market trends with our Bitcoin (BTC) and Ethereum (ETH) market update for November 17, 2022. Get in-depth analysis, live price updates, and insights into the performance of leading cryptocurrencies. This week focuses on a response to treasury's announcement, BTC Markets CEO on Bloomberg, and investor inflows breaking declining trends. Nike goes Web3, and all the latest Bitcoin mempool information.
Current Market Overview
The global crypto market cap is currently at $858B, down 1.6% over the last day. While the total crypto market cap is down by $10 billion for the period since Monday and now stands at $828 billion, a detailed look shows important activity. Leader in cryptocurrency, Bitcoin, Ethereum, XRP, blockchain, DeFi, digital finance and Web 3.0 news with analysis, video and live price updates.
Bitcoin (BTC) Price Analysis
As of today, BTC is currently trading around $16,500. Bitcoin (BTC) and ether (ETH) followed a blistering 2025 with a 65% and 67% pullback in 2025. As for macro assets, their correlation behavior with bitcoin remains an unfinished story. Top cryptocurrency prices and charts, listed by market capitalization. Free access to current and historic data for Bitcoin and thousands of altcoins.
Bitcoin fell below $1,700 on Friday, as bearish pressure intensified following yesterday’s disappointing U.S. retail sales figures. Looking at major coins, Bitcoin (BTC) and Ether (ETH) are in the red, down 1.85% and 3.99%, day-on-day, at press time. However, they are both up 1.15% and 3.59%.
Ethereum (ETH) Price Analysis
ETH is trading around $1,200. The top ten currencies are trading mostly in red, with Polygon particularly affected.
Notable Gainers and DeFi
Notable gainers in the last 24 hours are APT, TWT, and XCN. DeFi Total Value Locked is 101 rows
Disclaimer: Cryptocurrency investments are highly volatile and carry significant risk. Please conduct your own research before investing.