Cryptocurrency price today: Cryptocurrency markets recovered during the day and traded in green. Data from CoinMarketCap showed that the global cryptocurrency market on Friday, September 2, was trading slightly higher by 1.32 percent, reaching $984.29 billion at the time of writing. Bitcoin, Ethereum and other major cryptocurrencies have made slight gains over the past 24 hours.
“The increase in the value of crypto assets has been driven by heavyweight cryptocurrencies such as Bitcoin and Ether which have recovered from the hawkish stance taken by the Federal Reserve Chairman to address rising inflationary fears,” said Tarusha Mittal, COO and co-founder of UniFarm. The cryptocurrency has absorbed the expected rise in interest rates and the tight monetary policy indicated by the Federal Reserve.”
Data retrieved from CoinMarketCap showed that the price of bitcoin today at the time of writing was $2,004.67, up 1.11 percent over the past 24 hours. In the past seven days, bitcoin prices have fallen by 6.07 percent.
“Bitcoin has been moving sideways over the past few days in a narrow range between $19,000 and $20,000. If selling pressure intensifies and BTC closes below $2,0200, we may see BTC re-establish,” said Edul Patel, CEO and co-founder of Mudrex. Testing the $20,000 mark soon.
Ether, on the other hand, is up 3.40 percent today at the time of writing to measure $1,592.74, according to data from CoinMarketCap. The data showed that the price of Ether fell during the past week by 3.59 percent.
“Ethereum was also seen trading above the 1500 level. With the dates approaching, it will be interesting to see how the upcoming consolidation will affect BTC and other cryptocurrencies.
“Cryptocurrency investors are loyal and long-term holders of crypto assets to beat inflation and create long-term wealth. Selling pressures are expected to subside in the coming weeks as the upcoming festive season will encourage investors to park their money in digital assets for healthy returns.” Mittal added that a weak rupee may It affects the current short-term financial scenario where the cost of imports is expected to rise.
Here are the top 10 cryptocurrencies and their prices on September 2, Friday (data from coinmarketcap.com at the time of this article)
Bitcoin $20,104.67 or 1.11% gain in the past 24 hours
Ethereum $1,592.74 or 3.40 percent in the last 24 hours
Tie a gain of $1.00 or 0.00 percent in the last 24 hours
USD Coin $0.9999 or 0.01 percent loss in the last 24 hours
BNB $278.64 or 1.01% gain in the last 24 hours
Binance $1.00 or 0.03 percent loss in the last 24 hours
XRP gained $0.3323 or 1.96 percent in the last 24 hours
Cardano is $0.4589, or 2.69 percent, is a gain in the last 24 hours
Solana $31.61 or 1.80 percent gain in the last 24 hours
Dogecoin $0.06208 or 2.76 percent over the past 24 hours