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Author Topic: Crypto Update news 15, Sep: Bitcoin below $20,000, Ethereum Fall 10 Percent Afte  (Read 672 times)

cryptogabbar

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  • Crypto Market in RED.
    Crypto market struggling after a blood bath as bad CPI number, and even worse after Ethereum Merge. Yesterday, BTC slipped from $22,000 to $20,000, and forming its support near $20,000. The global crypto market cap continues to remain over the psychological $1 trillion level, the prices of top two coins Ė Bitcoin (BTC) and Ethereum (ETH) Ė in RED.

    The global cryptocurrency market cap fall by 1.2% to $1.01 trillion in the last 24 hours, according to CoinGabbar data at the time of writing. The total crypto market volume over the last 24 hours was $91.6 billion.

    BTC price has fall by 2.1 % in the last 24 hours. At the time, BTC was trading at $19,800. In the last 7 days, BTC price has rise by 3.1%. Bitcoin (BTC) dominance rise by 0.7% to 37.59% while ETH dominated 19.3% of the total crypto markets.

    Publication of the consumer price index had place. The CPI indicates an 8.3% YoY gain and a 0.1% MoM change. These numbers weren't what the cryptocurrency market was anticipating. The CPI was projected to be 8.1% YoY and -0.1% MoM. Bad news for the bitcoin market comes in the form of a low CPI.

    LUNA breaks its support at $4. It falls to $2.62, currently at $2.72 by 10% down.

    Ethereum successfully completed its historic Merge on September 15, 2022. It is referred to as the biggest upgrade in the history of the bitcoin industry. According to ETH, Ethereum successfully transitioned to proof-of-stake consensus, formally deprecating proof-of-work. This will eventually reduce energy consumption by 99.95%.

    Top Crypto Prices
    Ethereum (ETH): Ethereum price fall by around 8.23% to $1,502 in the last 24 hours. In the last 7 days, ETH price has fall by over 7.74%. It is currently ranked as the 2nd largest crypto asset on CoinGabbar.

    Binance (BNB): Binance Chain coinís price rise to $271.5, by 2.65% in the last 24 hours. In the last 7 days, BNB price has fall by over 2.02%. It is currently ranked as the 5th largest crypto asset on CoinGabbar.

    XRP: XRP coinís price fall by 3.48% to $0.3296 in the last 24 hours. In the last 7 days, XRP price has fall by nearly 3.06%. It is currently ranked as the 7th biggest crypto on CoinGabbar.

    Solana (SOL): Solana price fall 1.64% to $33.55 in the last 24 hours. In the last 7 days, SOL price has increased by nearly 1.5%. It is currently ranked as the 9th biggest crypto asset on CoinGabbar.

    Cardano (ADA): Cardano tokenís price fall by 2.25% to $0.4698 in the last 24 hours. In the last 7 days, ADA price has fall 1.2%. It is currently ranked as the 8th biggest crypto asset on CoinGabbar.

    Dogecoinís (DOGE) price fall by 2.3% in the last 24 hours. DOGE is currently ranked 11th. The price of DOGE at the time of this report was $0.05926.

    Price of Polkadot (DOT) fall by 3.33% in the last 24 hours to $6.96. Avalanche (AVAX) price fall by nearly 3.25% to $18.49 in the last 24 hours. Both DOT and AVAX are currently ranked 10th and 16th respectively on CoinGabbar.

    Polygon (MATIC) price fall by around 3.08% to $0.8384 in the last 24 hours. In the last 7 days, MATIC price has rise by around 0.23%.  It is currently ranked 14th on CoinGabbar.

    Shiba Inu (SHIB) fall by 3.08% in the last 24 hours to $0.00001183. It is currently ranked 12th on CoinGabbar.

    Anydawana

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    I still think that when buying a digital currency, it is better to pay attention to Ethereum, Ripple or Bitcoin.

    alexbend

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    Watching the fall in the rate of cryptocurrencies, some people began to get rid of their assets urgently. A similar situation was observed in the spring of 2021 when the cost of bitcoin halved. At the same time, experienced investors, on the contrary, began to buy cryptocurrency. Experts believe that this is the only right decision - the bitcoin rate will gradually recover, and the investor will make a profit. Given the above, selling your Cryptocurrency Stocks, especially Bitcoin, is not advisable today. It seems to me that the price of bitcoin after the stabilization of $30,000 - $40,000 is more realistic.
    « Last Edit: October 31, 2022, 10:01:07 AM by alexbend »

     

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