Cryptocurrency prices today: Bitcoin and ether price fall
Prices for cryptocurrency fell sharply Monday, with Bitcoin, the biggest and most well-known digital currency, trading more than 1% down at $19,060. The price of Bitcoin has been trading in a constrained range of around $20,000 since June this year after rising to an all-time high of around $69,000 in November last year.
On the other side, Ether, the second-largest cryptocurrency and a coin connected to the Ethereum blockchain, fell by more than 2% to $1,282. Shiba Inu went down nearly 2% to $0.000010 while Dogecoin’s price was trading lower at $0.05.
The previous 24 hours saw sideways trading in bitcoin. As bulls and bears compete to rule the market, the price of BTC remains rangebound and unable to decide on a clear direction. BTC is currently priced at well over US$19,000 per unit. There is a potential that bears will try to wrest immediate support at US$18,843 from them. However, the initial indication of strength may prompt additional buying in the direction of the US$20,500 mark. Ethereum, the second-largest cryptocurrency, has been trading around the US$1,280 mark. If the price of ETH drops below the present level, it may first reach its immediate support around $1,263 and then $1,190.
Avalanche, Binance USD, Polkadot, Cardano, Chainlink, Tether, ApeCoin, Solana, Cardano, Polygon, XRP, Terra, Stellar, Uniswap, Tron, and Litecoin prices were all trading at lower prices over the past 24 hours, which negatively impacted today’s performance for other cryptocurrency values. According to CoinGecko, the market capitalization of all cryptocurrencies fell below the $1 trillion threshold today after declining more than 1% over the previous day to $951 billion.
In an effort to control the industry’s rising electricity use, the European Union will create an energy efficiency certification for cryptocurrencies like Bitcoin.
Avalanche, Binance USD, Polkadot, Cardano, Chainlink, Tether, ApeCoin, Solana, Cardano, Polygon, XRP, Terra, Stellar, Uniswap, Tron, and Litecoin prices were all trading at lower prices over the past 24 hours, which negatively impacted today’s performance for other cryptocurrency values. According to CoinGecko, the market capitalization of all cryptocurrencies fell below the $1 trillion threshold today after declining more than 1% over the previous day to $951 billion.
In an effort to control the industry’s rising electricity use, the European Union will create an energy efficiency certification for cryptocurrencies like Bitcoin. According to a draught proposal reviewed by Bloomberg News and scheduled to be unveiled Tuesday, the European Commission would collaborate with international partners to develop a grading system that will encourage more environmentally friendly crypto systems, such as “proof of stake.”
