At the time of writing, the cryptocurrency market was worth $998.15 billion.
Cryptocurrency prices today, September 15: Bitcoin price today is $20,172.85, down 0.37% in the last 24 hours.
Cryptocurrency prices today: Thursday September 15th The top ten cryptocurrencies have delivered a mixed bag of reds and greens over the past day. Meanwhile, global cryptocurrency markets rose 0.25% to get back to the $1 trillion mark they lost yesterday due to shocking inflation data. At the time of writing, the cryptocurrency market is worth $998.15 billion, data shows.
“The current pressure on cryptocurrency markets is a result of widespread selling in traditional markets as investors move away from high-risk assets to protect their wealth from economic shocks. “Soaring food and energy costs, along with geopolitical uncertainty, will keep investors on edge in the coming weeks.” said Tarusha Mittal, COO and co-founder of UniFarm.
Bitcoin showed no signs of recovery on this day as it continued to trade below $20,500, the critical point for the world's largest cryptocurrency. Bitcoin price today hit $20,172.85, down 0.37% over the past 24 hours, according to data from CoinMarketCap.
“Bitcoin continues to trade below the $20,500 level due to low buying volume confirming pressure from sellers. If buyers can move BTC above the US$20,575 level, we could see a potential upside move,” said Edul Patel, CEO and co-founder of Mudrex.
“Bitcoin, the world’s oldest cryptocurrency, has lost its key support level of $21,000 after the latest CPI data showed hot inflation numbers. Bitcoin and Ethereum lost about 8% and 6% of their value, bringing the overall cryptocurrency market cap below $1 trillion,” Mittal added.
As Mittal mentioned, Ether also suffered losses ahead of the Merge due to rising inflation, but has recovered in the last 24 hours. As I write this today, the price of Ethereum is $1,623.17, up 1.58% on the day.
“Ethereum, the second largest cryptocurrency, is up nearly 2% over the past day ahead of the merger. Volatility in the cryptocurrency market may be caused by Ethereum’s PoS transactions. As the merger progresses, it looks like BTC and ETH are gearing up for a major price move,” Patel said.
The top 10 cryptocurrencies and their prices as of Thursday September 15 are as follows (data from coinmarketcap.com at the time of publishing this article):
Bitcoin lost $20,172.85 or 0.37% in the last 24 hours.
Ethereum $1,623.17, or up 1.58% in the last 24 hours.
Tether $1.00 or 0.02% return in the last 24 hours
USD coins lost $1.00 or 0.01% in the last 24 hours
BNB $275.40 or a loss of 1.19% in the last 24 hours.
Binance USD $0.9994 or a loss of 0.09% in the last 24 hours.
XRP $0.3403 or 1.21% return in last 24 hours
Cardano $0.4746 or 0.80% return in last 24 hours
Solana is up $34.59 or 4.26% in the last 24 hours.
Dogecoin $0.06055 or 0.54% return in last 24 hours
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