Today Cryptocurrency Price: Cryptocurrency Markets Recovered During the Day Today and Traded in the Green The global cryptocurrency market was trading up a modest 1.32 percent on Friday, September 2, reaching $984.29 billion as of writing this article. CoinMarketCap data shows. Bitcoin, Ethereum and other major crypto coins have posted modest gains in the last 24 hours.
“The rise in the value of cryptocurrency assets was led by crypto heavyweights such as bitcoin and ether, which recovered from the harsh stance taken by the Fed chief to deal with rising inflation concerns. The indicated projected rate hikes and tighter monetary policy have been digested,” said Tarusha Mittal, COO and Co-Founder, Uniform.
Bitcoin was priced at $20,104.67 today at the time of writing this article, an increase of 1.11 percent over the past 24 hours, data obtained from CoinMarketCap showed. The price of bitcoin has fallen by 6.07 per cent in the last seven days.
“Bitcoin has been moving sideways in the tight range between $19,000 and $20,000 over the past few days. If the selling pressure intensifies and BTC closes below the $20,200 level, we are in for a near miss. We can only see BTC retesting the $20,000 mark,” said Edul Patel, CEO and co-founder of Mudrex.
On the other hand, at the time of writing this article, the price of Ether rose by 3.40 percent to $1,592.74 today, data from CoinMarketCap showed. Over the past week, ether prices have fallen by 3.59 percent, as shown by the data.
“Ethereum was also seen trading above the 1,500 level. As the dates draw closer, it will be exciting to see how the upcoming merger will affect BTC and other cryptocurrencies,” Patel said.
“Cryptocurrency investors are loyal and long-term holders of crypto assets to beat inflation and create long-term wealth. The selling pressure is expected to ease in the coming weeks as the upcoming festive season encourages investors to shift their funds into digital assets for healthy returns. Will encourage to invest. A weaker rupee may impact the current financial scenario in the short term as the cost of imports is expected to rise,” Mittal said.
Here are the top 10 cryptocurrencies and their prices as of Friday, September 2 (data from Coinmarketcap.com at the time of publishing this article)
Bitcoin is up $20,104.67, or 1.11 percent, in the last 24 hours
Ethereum up $1,592.74, or 3.40 percent in the last 24 hours
Tether up by $1.00 or 0.00 percent in the last 24 hours
USD coin $0.9999 or 0.01 percent loss in last 24 hours
BNB up $278.64 or 1.01 percent in the last 24 hours
Binance USD loss of $1.00 or 0.03 percent in last 24 hours
XRP up $0.3323 or 1.96 percent in the last 24 hours
Cardano up $0.4589 or 2.69 percent in the last 24 hours
Solana gained $31.61 or 1.80 percent in the last 24 hours
Dogecoin up $0.06208 or 2.76 percent over the last 24 hours
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