Bitcoin is below the key level of $20,500; Solana, ether scored slight gains



Cryptocurrency rate today: The top 10 cryptocurrencies on Thursday, September 15th were offering a mixed bag of red and green over the past day. On the other hand, the global cryptocurrency market rose 0.25 percent in an attempt to return to the $1 trillion level once again, which it lost yesterday amid shocking inflation data. The data showed that the cryptocurrency market was standing at $998.15 billion at the time of writing this article.

“The current pressure on the cryptocurrency market is the result of a massive sell-off in traditional markets as investors are moving away from riskier assets to protect their fortunes from economic shocks. The high cost of food and energy combined with geopolitical uncertainty will keep investors vigil in the coming weeks.” said Tarusha Mittal, COO and co-founder of UniFarm.

Bitcoin could not recover on the day as it continued to trade below the $20,500 mark, a crucial point for the world’s largest cryptocurrency. Today’s bitcoin price was standing at $2,172.85, down 0.37 percent in the past 24 hours, according to data from CoinMarketCap.

“Bitcoin continues to trade below $20,500 for another day in a row due to lower buying volume confirming seller pressure. If buyers can move BTC above the $20,575 level, then they could be on the move,” said Edul Patel, CEO and co-founder of Mudrex. We are seeing some potential upward movement.

“The world’s oldest cryptocurrency, Bitcoin, lost a major support level at $21,000 after the latest CPI data showed red-hot inflation numbers. Bitcoin and Ether lost nearly 8 percent and 6 percent of their value leading to a decline in value The total cryptocurrency market cap is below the $1 trillion mark,” Mittal added.

As Mittal mentioned, Ether also faced pre-merger losses amid rising inflation, but it has recovered over the past 24 hours. The price of Ethereum today at the time of writing this article stood at $1623.17, up 1.58 percent in one day.

“The second largest cryptocurrency, Ethereum, gained nearly 2 per cent in the past day before the merger. The volatility in the cryptocurrency market may be caused by Ethereum’s transaction with PoS. With the merger approaching, BTC and ETH appear to be preparing for a major price move, Patel noted.

Here are the top 10 cryptocurrencies and their prices on September 15, Thursday (data from coinmarketcap.com at the time this article was published)

Bitcoin $20172.85 or 0.37 percent loss in the last 24 hours

Ethereum $1623.17 or 1.58 percent gain in the past 24 hours

Earn $1.00 or 0.02 percent in the last 24 hours

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

BNB $275.40 or 1.19 percent loss in the past 24 hours

Binance $0.9994 or 0.09% loss in the last 24 hours

XRP $0.3403 or 1.21 percent over the last 24 hours

Cardano $0.4746, or 0.80 percent, over the past 24 hours

Solana $34.59 or 4.26 percent gain in the last 24 hours

Dogecoin $0.06055 or 0.54 percent over the past 24 hours

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