Bitcoin Flat at $20,000, Ether, Cardano Jump by Up to 2%; See List

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Cryp­tocur­ren­cy Price Today: The glob­al cryp­tocur­ren­cy mar­ket on Wednes­day, August 31, recov­ered a bit from the US Fed’s chief’s hawk­ish views on infla­tion and sug­ges­tions of a pos­si­ble rate hike. The glob­al cryp­tocur­ren­cy mar­ket on the day was trad­ing mar­gin­al­ly high­er by 0.28 per cent, and scaled $996.44 bil­lion at the time of writ­ing this arti­cle, data from Coin­Mar­ket­Cap showed. Bit­coin, Ethereum, Polka­dot and oth­er major cryp­tocur­ren­cies recov­ered from their ini­tial shock and trad­ed in green.

Bit­coin price today at the time of writ­ing this arti­cle was $20,409.53, up by 0.03 per cent over the past 24 hours, data retrieved from Coin­Mar­ket­Cap showed. In the past sev­en days, Bit­coin prices have fall­en by 4.77 per cent.

“Bitcoin’s price rebound­ed in the past 24 hours after falling below the US$20,000 lev­el over the week­end. It might take some time for BTC to get back as it has not accu­mu­lat­ed the pow­er to make an upward move. The price of BTC is affect­ed by the recent hawk­ish Fed­er­al Reserve’s com­ments and the upcom­ing Ethereum Merge,” said Edul Patel, CEO and co-founder of Mudrex.

On the oth­er hand, Ether price today moved up by 1.19 per cent at the time of writ­ing in arti­cle to scale $1,598.46, showed data from Coin­Mar­ket­Cap. Over the past week, Ether prices have spi­ralled down by 2.30 per cent, the data fur­ther showed.

“The sec­ond largest cryp­tocur­ren­cy, Ethereum, has been per­form­ing bet­ter than BTC over the past few months as the Merge draws clos­er. The price of ETH may break out of the US$2,000 lev­el before the Merge,” said Patel.

“Fol­low­ing years of hard work, Ethereum’s proof-of-stake upgrade is final­ly here! The suc­cess­ful upgrade of all pub­lic test­nets is now com­plete, and The Merge has been sched­uled for the Ethereum main­net,” said the Ethereum Foun­da­tion in a blog post on Wednesday.

“The Ter­mi­nal Total Dif­fi­cul­ty val­ue trig­ger­ing The Merge is 58750000000000000000000, expect­ed between Sept 10–20, 2022,” it said.

Here are the top 10 cryp­tocur­ren­cies and their prices on August 31, Wednes­day (data from coinmarketcap.com at the time of pub­lish­ing this article)

Bit­coin $20,409.53 or 0.03 per cent gain in the last 24 hours

Ethereum $1,598.46 or 1.19 per cent gain in the last 24 hours

Teth­er $1.00 or 0.00 per cent loss in the last 24 hours

USD Coin $1.00 or 0.00 per cent loss in the last 24 hours

BNB $287.06 or 0.49 per cent loss in the last 24 hours

Binance USD $1.00 or 0.00 per cent gain in the last 24 hours

XRP $0.3315 or 0.29 per cent loss in the last 24 hours

Car­dano $0.458 or 1.35 per cent gain in the last 24 hours

Solana $32.29or 1.09 per cent loss in the last 24 hours

Doge­coin $0.06276 or 1.76 per cent loss in the last 24 hours

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