Bitcoin price climbs above $22,000

On Monday, September 12, the price of the leading cryptocurrency rose above $22,000. In the last 24 hours the asset gained 3%, according to CoinGecko.

At the time of writing, Bitcoin is trading around $22,200.

Ethereum price is holding above $1,750. In the last 24 hours the second-largest cryptocurrency by market cap fell 0.3%.

Not all top-10 crypto assets by market cap followed the leader. In the red zone remain USDT (-0.2%), XRP (-0.7%) and Cardano (-1.4%).

On September 7, Bitcoin price tumbled below $19,000, dropping to $18,500 for the first time since July. Ethereum’s quotes after a rise on the backdrop of the activation of the Bellatrix upgrade fell to $1,500.

On September 9, the leading cryptocurrencies recovered to their previous levels. Bitcoin topped $21,000, and Ethereum reached $1,700.

Chainalysis acknowledged a price divergence between the first and second largest cryptocurrencies after The Merge. Analysts say staking will make Ethereum resemble bonds or exchange-traded products and, accordingly, may attract institutional capital.

Earlier, a trader going by the pseudonym filbfilb warned of Bitcoin sliding from current levels to $10,000–$11,000.

Follow ForkLog’s Bitcoin news on our Telegram — cryptocurrency news, prices and analysis.