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Cryptocurrency rate today: On Wednesday, September 7, global cryptocurrency markets continued to bleed red as the world’s largest cryptocurrency, Bitcoin, fell below the $18,000 mark, and all major currencies, except for stablecoins pegged to the United States, followed suit. Large market size indicates selling. On the other hand, the global cryptocurrency market is down nearly 6 percent to $935.13 at the start of the day.
“The volume of the cryptocurrency market has increased by almost 34 percent, which indicates that investors are buying a dip in some crypto assets including Bitcoin. The overall market capitalization of cryptocurrencies has also fallen by more than 1 percent,” said Shivam Thakral, CEO of BuyUcoin. cent which is just under the $1 trillion mark.
Today, Bitcoin is down 5.75 percent to $18769.21 at the time of writing. On Tuesday, it fell to its lowest level in two months.
Bitcoin price dropped to $18,600 on Tuesday, the weakest level since July 13. The next resistance is at the level of $19,400. But if BTC does not recover above the $19,000 level, the immediate support will be $18,650 and later $18,500.
Meanwhile, today’s Ethereum price is down 8.99 percent in the past 24 hours to reach the $1,515.09 level at the time of writing.
“Ethereum and most cryptocurrencies in the market have been in a downtrend since the beginning of this week. One of the main reasons for the downtrend could be the long weekend in the US working day, and investors moving away from riskier assets,” Patel added.
“Bitcoin has fallen below the $19,000 mark while Ethereum has fallen below the 1600 mark and is currently hovering around $1,500. The Ethereum classic hash rate is at an all-time high indicating superior security and a more stable network,” said Shivam Thakral. TRX, DOT and MATIC represented a marginal decrease in their value with AVAX declining 9 percent.”
“There is a lot of euphoria about the upcoming Ethereum consolidation which is driving the buying activity in the market. The cryptocurrency market is also facing pressure from the looming European energy crisis and other macroeconomic factors.
Here are the top 10 cryptocurrencies and their prices on September 07, Wednesday (data from coinmarketcap.com at the time this article was published)
Bitcoin $18,769.21 or 5.75% loss in the last 24 hours
Ethereum $1,515.09 or 8.99 percent loss in the last 24 hours
Tie a gain of $1.00 or 0.00 percent in the last 24 hours
USD Coin gained $1.00 or 0.00 percent in the last 24 hours
BNB $263.90 or 6.04 percent loss in the last 24 hours
Binance gains $1.00 or 0.04 percent over the past 24 hours
Cardano $0.4631 or 8.47 percent loss in the last 24 hours
XRP $0.3195 or a loss of 4.78 percent in the last 24 hours
Solana $30.99 or 6.39 percent loss in the last 24 hours
Dogecoin $0.5895, or a 7.01 percent loss in the last 24 hours
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