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Cryptocurrency rate today: Cryptocurrency markets rose on Thursday, August 25, for a second day in a row on the news of the confirmation of Ethereum’s upgrade date, The Merger. Ether has jumped more than 4 percent in the past 24 hours, while Bitcoin, Polkadot, Solana and Chiba Inu are making good gains. Despite the positive outlook, however, investors remained vigilant for Federal Reserve Chairman Jerome Powell’s monetary policy speech later this week and his views on raising interest rates.
Data from CoinMarketCap showed that the global cryptocurrency market on the day was trading slightly higher by 2.10 percent, up $1.05 trillion at the time of writing. Bitcoin, Ethereum and other major cryptocurrencies have made slight to good gains over the past 24 hours.
Data retrieved from CoinMarketCap showed that the price of bitcoin today at the time of writing was $21,734.58, up 1.66 percent over the past 24 hours. In the past seven days, bitcoin prices have fallen by 12.04 percent.
Bitcoin and Ethereum prices rose ahead of the Federal Economic Symposium meeting. BTC has broken the crucial resistance level at $21,500 in the past 24 hours. “This small bullish momentum can keep buyers active in the market,” said Edul Patel, CEO and co-founder of Mudrex.
On the other hand, today’s price of Ether has broken the $1,700 mark and is up 4.16 percent at the time of writing to measure $1,707.14, according to data from CoinMarketCap.
“On the other hand, the Ethereum Foundation has released new information about the upcoming upgrade, indicating that all preparations are going smoothly. The announcement confirmed that the upgrade will end between September 10-20. This announcement may give market players a little confidence to take another step,” Patel added. .
“After years of hard work, the Ethereum proof-of-stake upgrade is finally here! The successful upgrade of all public testnets has now been completed, and the integration is scheduled for the Ethereum mainnet,” the Ethereum Foundation said in a blog post on Wednesday.
“The total value of the final difficulty that led to the merger is 58.75 trillion trillion, projected between September 10 and 20, 2022,” the company said.
Here are the top 10 cryptocurrencies and their prices on August 25, Thursday (data from coinmarketcap.com at the time of this article)
Bitcoin $21,734.58 or 1.66% gain over the past 24 hours
Ethereum $1,707.14 or 4.16 percent gain in the last 24 hours
Assess a loss of $1.00 or 0.00 percent in the last 24 hours
USD Coin 1.00 USD or 0.00% loss in the last 24 hours
BNB gains $304.17 or 2.55 percent in the last 24 hours
Binance gains $1.00 or 0.01 percent over the past 24 hours
XRP $0.348 or 1.45 percent over the past 24 hours
Cardano $0.4671 or 1.97 percent gain in the last 24 hours
Solana $36.22 or 3.26 percent gain in the last 24 hours
Dogecoin $0.06925 or 2.24 percent over the past 24 hours
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