Before the merger upgrade… Ethereum price is approaching $1800 and Bitcoin is stable above $21,000
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Answer Before the merger upgrade… Ethereum price is approaching $1800 and Bitcoin is stable above $21,000
After the recent volatility, Bitcoin appears to be calmer today while maintaining the $21,000 level.
Tezos is among the top performing cryptocurrencies, while Ethereum continues to advance towards $1800 ahead of the long-awaited merger.
Bitcoin is up 9% in the last 7 days:
The major cryptocurrency had a difficult week as it fell to a six-week low as its price fell to just over $18,500.
Bitcoin continued this recent trend of losing value and dropped below $20,000 at the end of August.
After that, Bitcoin regained some of its value after this drop and reclaimed the $19,000 level.
Read:OpenSea announces its position on the upcoming Ethereum upgrade and the only network it will support
Even a benchmark rate hike from the European Central Bank did not move the bitcoin price.
Towards the end of the week, the price of Bitcoin started to move and rose above $20,000.
Friday saw even more impressive gains as Bitcoin jumped over $21,000.
Despite the calm in the past 24 hours, Bitcoin was able to draw a new two-week high at over $21,700.
Bitcoin’s market cap remains well above $400 billion, while the dominance of altcoins remains 39% higher.
Ethereum eyes at the $1800 level:
Most of the cryptocurrencies have gone through similar fluctuations to Bitcoin in the past several days but it remains much calmer now.
Ethereum is one prime example, with Ethereum dropping below $1,500 during the most intense days on the crypto market.
Now, the second largest cryptocurrency is close to hitting $1800 as the consolidation process is fast approaching.
The Cardano coin has also charted and you can see slight daily gains.
On the other hand, the currency of Binance, Ripple and Solana shows slight positive movements, with rates not exceeding 1%.
Read:KuCoin 5th Anniversary: Trade Bitcoin and Ethereum Pairs at 0 Fee
Overall, the total value of the crypto market has reached over $1.06 trillion.
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