Cryptocurrency Price Updates: The price of cryptocurrencies increased today, September 20, with Bitcoin trading above the USD 19,000 mark after remaining weak in recent sessions due to a further decline in the value of the second-largest token, Ether, as well as the possibility of a wave of monetary tightening occurring around the world this week. The biggest and most well-known cryptocurrency in the world, Bitcoin, was trading 4 percent or more higher at USD 19,476.
Even though it had increased by roughly 0.5 percent in the previous day to USD 979 billion, the global crypto market valuation today nevertheless fell short of the USD 1 trillion threshold, according to CoinGecko. However, Ether, the second-largest cryptocurrency and coin connected to the Ethereum network, increased by about 5 percent to USD 1,366.
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 Monday (Sept 19), Ethereum produced a false breakout of the regional support level at USD 1,284, signalling the pressure from buyers. Although ETH does not currently have the strength to move sharply, if purchasers can maintain ETH above the USD 1,300 level, we may see more increase "said Edul Patel, co-founder and CEO of Mudrex.
Shiba Inu gained more than 2 percent to USD 0.000011 while Dogecoin's price today was also trading approximately 3 USD higher at USD 0.05. The performance of other cryptocurrency prices today also improved, with gains seen in the values of XRP, Uniswap, Solana, Polygon, Avalanche, Binance USD, Polkadot, Litecoin, Apecoin, Cardano, Stellar, Chainlink, Tron, and Tether over the previous 24 hours.