Bitcoin News Today: BTC-ETH Drops, Watch the Move

Jakarta, – Today’s Bitcoin news shows a surprising slow movement in the market. This can be seen by the lack of enthusiasm for the large-cap cryptocurrency movements.

In this case, Bitcoin (BTC) and Ethereum (ETH) as more capitalized cryptocurrencies suddenly dropped in price.

Whereas other top-tier cryptocurrencies are pretty much the same. However, with different price movements. Below is a review of today’s bitcoin news.

Slow Price Action From Bitcoin Cs and Bitcoin News Today

Bitcoin price witnessed another correction on Wednesday 7th September 2022. The majority of cryptocurrency prices today are in the red.

Based on data collected from Coinmarketcap, Wednesday (9/7/2020), the cryptocurrency with the largest market capitalization, Bitcoin (BTC) has declined in the past 24 hours.

The price of Bitcoin shrank 4.4 percent. Meanwhile, the price of bitcoin over the past week has fallen by 4.97 percent. Currently, the bitcoin price is $18896.30 or about IDR 281.48 million assuming an exchange rate of IDR 14,896 per US dollar.

Likewise, Ethereum (ETH) is moving in the red. Over the past 24 hours, the price of ETH has fallen by 0.40 percent. In the past week, the price of Ethereum increased by 2.45 percent. Now, the price of Ethereum is at $1,575.07 or around Rs 23.46 million.

Read also: Bitcoin News Today: End of August, A Peek at Bitcoin Price Actions!

Then the price of the binance coin (BNB) also struggled in the red for the past 24 hours. BNB prices fell 3.97 percent. During the week, BNB prices fell 6.24 percent. Currently, the price of BNB is at $264.74, or about 3.93 million rupees.

Then XRP price is also slow in the last 24 hours. The price of XRP is down 2.31 percent. Within a week, the price of XRP shrank by 1.52 percent. Now the price of XRP is at $0.3234.

Moreover, the price of Cardano (ADA) is down 6.35 percent in the last 24 hours. Cardano is priced at $0.465. During the week, the price of Cardano is up 2.79 percent.

Meanwhile, the price of solana (SOL) is in the red. Solana prices fell 3.3 percent in the past 24 hours. During the week, Solana’s price was down 1.62 percent. Currently, solana is priced at $31.05.

Moreover, the price of Dogecoin (DOGE) is also in the red. Dogecoin price is down 5.32 percent in the last 24 hours. During the week, the price of Dogecoin decreased by 4.11 percent. Now, Dogecoin is priced at $0.05923.

Stable coins like Tether (USDT) have been in the red for the past 24 hours. During the week, cable prices fell 0.01 percent. Currently, the price of the rope is in the position of 1.00 USD.

Bitcoin news today

The price of the US Dollar (USDC) increased by 0.01 percent in the last 24 hours. In the week, the price of USDC increased by 0.02 percent.

On the other hand, the price of Binance in US dollars (BUSD) has strengthened to the extent of 0.02 percent in the past 24 hours. During the week, the price of BUSD increased by 0.04 percent. Now, the price of Binance USD is at $1.00.

Market slowdown, investors choose Ethereum over Bitcoin

Previously, a diversification was observed in the crypto market movement on Tuesday (6/9/2022). Bitcoin is still below $20,000, to be exact in the $1974 or 294.4 million rupiah range for the ninth day in a row.

Meanwhile, Ethereum went the other way with BTC by rising nearly 4 percent in yesterday’s trading. According to reports, the trading of crypto assets is somewhat flat and tends to be calm. This is because of the long holiday in the United States (USA) which celebrates Labor Day. As a result, there has been no significant transaction taking place in the crypto market since the beginning of last week.

Meanwhile, the price of Ethereum soared because it was linked to the merger plan that was approaching.

Furthermore, on September 6, the Bellatrix upgrade will be implemented, which is the last trial before the upcoming The Merge Ethereum. Investors have welcomed this by accumulating Ethereum.

Read also: In connection with the alleged fraud, the FBI has arrested Crypto Platform Boss

“ETH price is targeting towards the resistance at $1,911. If there is a break in Ethereum price, the next target will be at $2,230 to $2,548,” said crypto analyst Nathan.

In addition to ETH, Ethereum Classic (ETC) has achieved a huge success of 25.85 percent in the last 24 hours. This comes after, a blockchain explorer platform and crypto mining aggregator, launched a dedicated set of free ETC for the next three months.

Crypto Terra grabs attention – Bitcoin News Today

Then, the Terra network coin duo, Terra Classic (LUNC) and Terra (LUNA) were considered successful in gaining attention after their values ​​rose by 57.94% and 8.21% respectively in the last day. The value of these two assets has skyrocketed after the good news has continued for the past month.

After activating staking on its network at the end of last month, it is rumored that LUNC will be able to copy its tokens.

If such activity does occur, the supply of LUNC in the market is expected to shrink by 1.2 percent. According to the economic law, a decrease in supply will certainly have a good effect on the price of the crypto-asset.

While the technical analysis of the Bitcoin movement, the main support for BTC is now at $17,614 which is the lowest point for Bitcoin in 2022 which occurred on June 13.

“If there is a crash, bitcoin’s decline is likely to continue with the next resistance at $15,549,” said Nathan.

This is today’s bitcoin news review. I hope this information is useful to you.

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Author: Contributor / Shuhada Banji A

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