Cryptocurrency rate today: The cryptocurrency market opened Monday with miserable hope but continued to post losses as the day went on, as major currencies witnessed a steady decline in their values. Bitcoin, the largest crypto token by market capitalization, came in below $20,000, while Ether, which reached $2,000 levels last month, fell to $1,500. Other cryptocurrencies including Cardano, Dogecoin, XRP, and BNB also posted losses as bears appeared to dominate the crypto market due to the mixed results of August US employment data.
Data from CoinMarketCap showed that the global cryptocurrency market capitalization was trading at $972.72 billion, recording a 0.28 percent drop on the day.
Bitcoin remained in the red today and fell below $20,000. Data retrieved from CoinMarketCap showed that the bitcoin price today at the time of writing was $1,695.35, down 0.55 percent over the past 24 hours. In the past seven days, bitcoin prices have fallen by 0.61 percent.
“Bitcoin continues to trade below $20,000 over the weekend. BTC is currently trading 71 percent below its all-time high. If BTC can close above $20,000 today, we could see it reach $21,000 this year.” week. If not, we could see BTC reach $18,900 as well,” said Edul Patel, CEO and Co-Owner of Mudrex. Bitcoin may see sideways movement for a few more days if it does not dip below $19,000 levels.
On the other hand, today Ether is down 0.23 percent at the time of writing to the $1,565.75 level, according to data from CoinMarketCap. However, the data showed that the price of Ether rose over the past week by 8.12 percent.
“On the other hand, Ethereum continued to trade sideways, extending the weekend’s stability into this week. Overall, the downtrend in the cryptocurrency market continues, and we may see a correction in the coming weeks,” Patel said.
Here are the top 10 cryptocurrencies and their prices on September 5, Monday (data from coinmarketcap.com at the time of this article)
Bitcoin $19,695.35 or 0.55% loss in the last 24 hours
Ethereum $1,565.75, or 0.23 percent loss in the past 24 hours
Assess a loss of $1.00 or 0.01 percent in the last 24 hours
USD Coins $0.9999 or 0.00 percent gain in the last 24 hours
BNB $274.58 or 1.69% loss in the last 24 hours
Binance $1.00 USD or 0.00% loss in the last 24 hours
Cardano $0.4863 or a loss of 3.63% over the past 24 hours
XRP $0.3246 or 2.03% loss in the last 24 hours
Solana $34.24 or 1.65 per cent loss over the past 24 hours
Dogecoin $0.0616 or 2.70 percent loss in the last 24 hours