Cryptocurrency prices Updates- September 6: The price of bitcoin decreased somewhat and was trading under the USD 20,000 mark. At USD 19,731, the biggest and most widely used cryptocurrency was trading marginally lower. According to CoinGecko, the market capitalization of all cryptocurrencies rose by 1 percent in the previous day to USD 1.03 trillion, crossing the USD 1 trillion threshold today.
His week got off to a rocky start. Over the previous three days, Bitcoin has been fluctuating in price between USD 19,500 and USD 20,500. As BTC struggles to maintain its present levels, it may challenge the support at the lower zone of this level. High selling orders throughout the previous week can be to blame for the present fall. If purchasers can push beyond the USD 20,000 mark, BTC may soon begin to rise again.
On the other hand, the Ethereum Merge will take place in less than two weeks, yet the token price is still holding steady at USD 1,600. According to Edul Patel, CEO and co-founder of Mudrex, when the activities pick up, the attention "may certainly create greater demand in the coming days."
The second-largest cryptocurrency, Ether, which is connected to the Ethereum network, increased by about 4 percent to USD 1,630. With regard to its consensus protocol, Ethereum is switching to proof-of-stake. The long-awaited software patch, dubbed "the merge," will alter the way Ethereum arranges transactions to make them more energy-efficient.
Shiba Inu decreased roughly a percent to USD 0.000013, while Dogecoin's price remained trading flat at USD 0.06 today. While Cardano, Stellar, Tron, and Polygon prices declined over the past 24 hours, Chainlink, Apecoin, XRP, Uniswap, Binance USD, Polkadot, Tether, Litecoin, Avalance, and Solana prices were trading with minor gains today. As ether today enters the merging with Bellatrix update, Ethereum Classic rose over 22 percent.
According to a statement released on Monday, Binance, the largest cryptocurrency exchange by volume, will begin converting any current user balances and fresh deposits of USD Coin (USDC), Pax Dollar (USDP), and True USD (TUSD) into the firm's own stablecoin.
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