Cryptocurrency Prices Rise Today. Bitcoin Gains 3%, Ether Rebounds 8%. Consult the Rates of Delays – Tech Tribune France

Bitcoin price rose today to trade above the $19,000 level. The world’s largest and most popular cryptocurrency was trading more than 3% higher at $19,213. The global crypto market capitalization is back below the $1 trillion mark today, as it rose more than 3% in the past 24 hours to $1.02 trillion, according to CoinGecko.

In contrast, Ether, the coin linked to the Ethereum blockchain and the second largest cryptocurrency, jumped more than 8% to $1,625. Ethereum is transitioning to proof-of-stake for its consensus protocol. The latest Ethereum network upgrade, known as Bellatrix, was activated on September 6, 2022. The next step after Bellarix will be the Paris upgrade, which starts miners to complete the merger. This update should happen next week.

“Most cryptocurrencies regained their lost ground on Wednesday evening. Bitcoin is up nearly 3% in the past 24 hours after falling to $18,558, the lowest since July 13. If BTC can try to hold above the current level today, we may see it regain its resistance level at $19,400 soon. Second-largest cryptocurrency Ethereum outperforms BTC and managed to break its initial resistance level at $1,537, and heads towards the $1,650 level as excitement for the merger builds . Let’s wait and see how things play out before the merger,” said Edul Patel, CEO and co-founder of Mudrex, a global crypto investment platform.

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Meanwhile, dogecoin price was trading up more than 5% today at $0.06, while Shiba Inu fell nearly 4% to $0.000012. The performance of other crypto prices also improved today as Chainlink, Apecoin, XRP, Uniswap, Binance USD, Polkadot, Tether, Litecoin, Avalance, Solana, Cardano, Stellar, Tron, Polygon prices traded with declines over the past 24 hours.

Bitcoin has traded largely in the same direction as other risky assets like the Nasdaq 100 as the Fed hikes interest rates amid stubborn inflation. Collapses like those of the Terra/Luna ecosystem and hedge fund Three Arrows Capital have also depressed sentiment, and many crypto firms have declared bankruptcy or are struggling to survive.

(With agency contributions)

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Cryptocurrency Prices Rise Today. Bitcoin Gains 3%, Ether Rebounds 8%. Consult the Rates of Delays – Tech Tribune France

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