The prices of the major digital currencies fell today, Sunday, September 4, 2022, and Bitcoin remained captive below the $ 20 thousand level with more losses.
The market value of cryptocurrencies decreased by 0.45% to reach $973.37 billion, and the trading volume during the last 24 hours was about $44.09 billion.
The digital currency market is still witnessing a wave of turmoil due to the hawkish stance of the Federal Reserve, which caused mixed movements in the price of Bitcoin and other digital currencies, and during yesterday’s trading, Bitcoin rose below $20 thousand before losing it today again.
The cryptocurrency market has fallen dramatically due to the aggressive stance of the Federal Reserve.
The Federal Reserve is responsible for fighting inflation in the United States, and usually resorts to quantitative tightening and raising interest rates to combat high inflation levels.
Bitcoin price today
The price of Bitcoin (BTC) fell today, Sunday, by 0.95% to the level of $19,714.87.
The market capitalization of the world’s largest cryptocurrency also plunged to $377.36 billion.
This comes a while after the world’s largest digital currency crossed the $25,000 level for the first time since last June.
Bitcoin has lost about 60% of its high this year.
Cryptocurrency rates today
The price of the Ethereum coin (ETH) fell by 1.08% to $1,548.63.
The price of Binance coin BNB increased by 0.23% to reach $277.16.
The price of the XRP currency rose by 0.24% to record $0.3304.
While the price of Cardano currency rose by 4.87% to $ 0.4923.
The price of Polkadot increased by 0.05% to reach $7.29.
Dogecoin price fell about 0.05% to $0.06243.
Cryptocurrencies are considered as a non-cash digital payment method, which is managed and traded in a decentralized online payment system that is highly protected away from the control and control of banks.
According to the statistics of the cryptocurrency exchange Crypto.com, there were approximately 300 million people who owned cryptocurrency by the end of 2021.