The prices of the main digital currencies varied today, Monday, September 5, 2022, and the price of Bitcoin settled below the level of $ 20 thousand.
The prices of the cryptocurrency market capitalization increased by 0.29% to reach $976.28 billion, and the trading volume during the last 24 hours was $50.58 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 continued to trade below $20 thousand.
The cryptocurrency market has also fallen significantly due to the aggressive stance of the Federal Reserve. The Federal Reserve is responsible for fighting inflation in the United States, and it usually resorts to quantitative tightening and raising interest rates to combat high inflation levels.
The price of Bitcoin (BTC) fell today, Monday, by 0.05% to the level of $19,760.1.
The market value of the world’s largest cryptocurrency also plunged to $378.06 billion, and this comes following a period of the world’s largest digital currency surpassing the $25,000 level for the first time since last June.
Bitcoin prices are down 60% from this year’s high. The price of the Ethereum coin increased by 1.01% and reached 1,563.78 dollars.
The price of Binance coin BNB decreased by 0.18% to reach $276.21.
The price of the Ripple currency fell to $0.32797, and the price of the Cardano currency rose by 0.21% to $0.4922.
The price of Polkadot increased by 3.43% to reach $7.51. 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.
