Cryptocurrency Price Updates: Bitcoin price today rose marginally even as it was trading below USD 20,000 level after trending downward through the weekend after a solid unemployment report offered mixed implications for the Federal Reserve as it contemplates its path on interest rates. The world's largest and most popular cryptocurrency was trading slightly higher at USD 19,848. The global crypto market cap today was above the USD 1 trillion mark, even as it was flat in the last 24 hours at USD 1.02 trillion, as per CoinGecko.
On the other hand, Ether, the coin linked to the ethereum blockchain and the second largest cryptocurrency, also gained over a per cent to USD 1,575. Ethereum is transitioning to proof-of-stake for its consensus protocol. Called the ‘merge’, the software upgrade has been in the works for years, and it will change the way ethereum orders transactions to become more energy efficient.
Meanwhile, dogecoin price today was also trading nearly a per cent higher at USD 0.06 whereas Shiba Inu fell gained more than 3 percent to USD 0.000013. Other crypto prices' today performance also improved as Chainlink, Apecoin, XRP, Uniswap, Binance USD, Tron, Polkadot, Tether, Litecoin, Stellar, Avalance, Solana, Polygon prices were trading with slight gains over the last 24 hours.
Crypto prices have struggled and Bitcoin has traded largely in the same direction as other risk assets like the Nasdaq 100 as the Fed boosts interest rates amid stubborn inflation.
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