Jakarta, duniafintech.com – Today’s Bitcoin news discusses the movement of the cryptocurrency market. At the moment, the price of Bitcoin (BTC) is declining.
On the one hand, investors are chasing money from Ethereum (ETH). BTC, the cryptocurrency with the largest market capitalization, has seen a drop in price recently.
This downward movement was also followed by other top-tier cryptocurrencies. For more details, let’s take a look at today’s Bitcoin news review.
BTC Price Drops, Investors Prefer Ethereum- Bitcoin News Today
Bitcoin (BTC) is the largest and most popular digital currency in the world. However, the price of digital money has recently fallen.
Bitcoin price is currently stable at the level of $20,000 and there has been no significant increase since last June. Even over the past 30 days, the price of Bitcoin is down 2.7% and previously up by 4%, according to data from Coinglass.
release dtecfinanceThe decline and absence of a price hike, which made Bitcoin abandoned by investors. It is now known that BTC enthusiasts are looking for more profitable digital currencies, such as Ethereum.
Read also: Cryptocurrencies that are expected to rise, and the opportunities are promising as you know
“Bitcoin is not dead, it is boring at the moment, so traders are really looking for alternatives,” said Martin Lennweber, digital asset product strategist at MarketVector. Reuters.
According to the CEO of FRNT Financial, Stéphane Ouellette said that the bitcoin price drop was by far the longest. Therefore, it is not surprising that investors are looking for other, more profitable alternatives.
“This has been a relatively long period of low volatility, now surpassing anything we saw even in 2019 as these levels lasted from a quarter to a quarter and a half,” said Stephane Ollett.
Read also: In connection with the alleged fraud, the FBI has arrested Crypto Platform Boss
While Ethereum (ETH) recorded an increase in price. The increase was said to be due to a side effect of the quiet volatility of Bitcoin.
Ethereum is the second largest cryptocurrency in the world with a market capitalization of around $190 billion versus $380 billion worth of Bitcoin. Ethereum price is up 50% since early July while Bitcoin is moving sideways.
Cryptocurrency price movement on September 8, 2022 – Bitcoin News Today
Previously, the price of Bitcoin and other cryptocurrencies was observed to have a uniform movement on Thursday, September 8, 2022.
The majority of cryptocurrencies managed to stay in the green after dropping the previous day.
Based on data from Queen Market CapThursday (9/8-2022), the cryptocurrency with the largest market capitalization, Bitcoin (BTC) is up very significantly, 2.27 percent in the past 24 hours, but it is still weakening by 3.87 percent in the week.
Bitcoin is currently priced at $19,345 per coin or 288.4 million rupees assuming an exchange rate of 14,908 rupees per US dollar.
Then Ethereum (ETH) also strengthened this morning. Over the past 24 hours, ETH is up 3.89% and 5.14% over the week. In this way, the price of ETH is currently $1,640 per coin.
The next cryptocurrency, Binance Coin (BNB), is once again floating in the green. In the past 24 hours, BNB stock is up 4.74 percent, but is still down 0.73 percent for the week. This makes BNB at $277.88 per coin.
Other crypto prices
quotes Liputan6.comBesides, Cardano is also up this morning. In the last day, the ADA rose 2.48 percent and 5.59 percent in the week. Hence, the price of ADA is $0.4777 per coin.
Meanwhile, Solana’s strength (SOL) boosted again this morning, and over the last day, SOL was up 4.95 percent and 2.21 percent in the week. Currently, SOL is priced at $32.67 per coin.
While this morning’s crypto XRP managed to stay in the green, XRP is up 3.69 percent in the past 24 hours and 2.17 percent weekly. In this way, the price of XRP is now $0.3363 per coin.
Stablecoin Tether (USDT) and USD coin (USDC) are both up 0.01% today. This makes the price both still alive at the $1.00 level
As for Binance USD (BUSD), it has strengthened by 0.04 percent over the past 24 hours, but the price remains flat at the $1.00 level.
Then, as for the 24-hour total cryptocurrency market cap, it slightly decreased from the $983.3 billion range to $979 billion.
This is today’s bitcoin news review. We hope this information is useful.
Read also: Bitcoin News Today: End of August, A Peek at Bitcoin Price Actions!
Read on for the latest Indonesian fintech and crypto news only at Duniafintech.com.
Author: Contributor / Shuhada Banji A