On Friday, September 9, the price of the leading cryptocurrency rose briefly from around $19,400 to $20,800. The total market capitalization returned to $1 trillion.
Bitcoin price rose above $21,000. Over the last 24 hours the asset gained 9.3% (CoinGecko).
Over the last 24 hours Bitcoin gained 6.7%, according to CoinGecko. The current price is $20,654.
The second-largest cryptocurrency by market cap rose 4.4% over the last 24 hours. At the time of writing Ethereum trades above $1,700.
Following the leaders, the rest of the market moved into the green zone. Solana posted the strongest gains, up more than 8% over the last 24 hours.
On September 7, the price of Bitcoin fell below the $19,000 level, slipping to $18,500 for the first time since July. Ethereum, after gains on the back of the activation of the Bellatrix upgrade, fell to $1,500.
Earlier, Genesis Trading’s head of derivatives Joshua Lim explained the weak momentum of Bitcoin by the idea of ‘institutional inflows’, ease of shorting and the growing popularity of pair trading with other cryptocurrencies.
Back in August, digital gold nearly doubled Ethereum’s decline, according to a ForkLog report.
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