On Wednesday, Bitcoin, ether, and Shiba Inu prices in cryptocurrency today are down, but dogecoin is up. Even though the biggest and most well-known cryptocurrency in the world was trading more than 2 percent lower at USD19,042, the price of bitcoin today managed to stay over the USD19,000 level. According to CoinGecko, the market capitalization of all cryptocurrencies fell below USD1 trillion today after falling more than 1 percent over the previous day to USD968 billion.
The second-largest cryptocurrency, Ether, which is connected to the Ethereum network, dropped more than 1 percent to USD1,344. The hype surrounding an upgrade of the Ethereum blockchain caused an increase in the price of ether since mid-June, but now that the upgrade is complete, it is quickly declining. Investors are preparing for volatility as a result of the Federal Reserve's anticipated this week big interest-rate boost to combat pricing pressure.
On Tuesday, Bitcoin fluctuated in price between its support level of USD18,540 and its resistance level of USD20,415. Sellers are more active in the market as a result of the present price's proximity to the support price. Bulls may regain market control by pushing to USD20,000, which would likely start an upward trend. Ethereum, on the other hand, trades in a region close to that of Bitcoin.
Due to the fact that sellers are more powerful than buyers, it has not yet amassed enough power to make a decisive move. For a few more days, ETH may most likely trade sideways, according to Edul Patel, co-founder and CEO of Mudrex.
Shiba Inu fell more than 2 percent to USD0.000011 while Dogecoin's price today was also trading roughly 2 percent higher at USD0.05. Other cryptocurrency values performed differently today, with increases seen in Uniswap, Solana, Polygon, Avalanche, Binance USD, Polkadot, Litecoin, Apecoin, Cardano, Chainlink, Tron, and Tether prices during the past 24 hours, while losses were seen in XRP and Stellar.
As the second-largest stock exchange gears up to take advantage of big-money investors' growing thirst for digital currencies, Nasdaq Inc. is launching its first significant foray into the cryptocurrency market. Initial custody services for Bitcoin and Ether will be provided to institutional investors by a new organisation focused on digital assets.
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