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Bitcoin exceeded $19,000; Ether and Solana earn up to 7% per day

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Cryptocurrency price today: The global cryptocurrency market rebounded on Thursday after days of bloodbath. Before the launch of the Ethereum Merge, most cryptocurrencies rebounded as traders kept hoping for the event. Ethereum itself has increased in size by nearly 7 percent in the past 24 hours, giving a much-needed boost to the crypto market. The global cryptocurrency market that day stood at $974.04 billion, an increase of 3.72 percent over the previous day.

“The cryptocurrency market reacted sharply as the Federal Reserve hinted at a third rate hike by 75 basis points as part of its ongoing efforts to tackle inflation. The Fed Vice Chair also expressed concerns about regulating cryptocurrencies, especially stablecoins due to the potential for impact on the financial system. Tarusha Mitta, co-founder and COO of UniFarm said:

Today, the bitcoin price jumped 2.27 percent to break above the $19,000 level again, which it lost two days ago. Data from CoinMarketCap showed that at the time of writing this article, the price of Bitcoin was standing at $1,9221.97 per cent.

Bitcoin is up nearly 3 percent after falling to a low of $18,558 on Tuesday. If BTC can hold above the current level today, we could see a move towards the resistance at $19,400 soon,” said Edul Patel, CEO and Co-Founder of Mudrex.

On the other hand, Ether enjoyed a relaxing day before the merge. The price of Ethereum today at the time of writing is $1,616.49, up 6.72 percent over the past 24 hours.

“The second largest cryptocurrency, Ethereum, gained more than 6 percent and broke the initial resistance at $1,537 as the merger excitement gathers momentum. If volume continues to rise, we could see ETH break the next resistance at $1,650,” he noted. Patel.

“In the altcoin space, AVAX, DOT and MATIC experienced healthy growth with Terra Classic delivering double-digit growth of more than 26 percent during 24-hour trading,” Mittal said.

“The current momentum in the cryptocurrency market may continue if the macroeconomic factors surrounding the financial markets show signs of improvement. Any loosening of monetary policies to support low-cost lending could also lead to increased buying activity within the cryptocurrency ecosystem,” she added.

Here are the top 10 cryptocurrencies and their prices on September 08, Thursday (data from coinmarketcap.com at the time this article was published)

Bitcoin $1,9221.97 or 2.72% gain in the last 24 hours

Ethereum $1616.49 or 6.72 percent gain in the last 24 hours

Earn $1.00 or 0.01 percent in the last 24 hours

USD Coin 1.00 USD or 0.01 percent loss in the last 24 hours

BNB $277.39 or 4.82 percent gain in the last 24 hours

Binance $1.00 or 0.03 percent loss in the last 24 hours

XRP gained $0.3304 or 2.95 percent in the last 24 hours

Cardano $0.4706 or 1.90 percent gain in the last 24 hours

Solana $32.80 or 5.17 percent gain in the past 24 hours

Dogecoin $0.06038 or 2.04 percent over the past 24 hours

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