Cryptocurrency Price Today: Bitcoin Slips, Ether Gains, Ethereum Classic 22% Increases

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Bitcoin price fell slightly today and it was trading below the $20,000 level. The world’s largest and most popular cryptocurrency was trading slightly lower at $19,731. The global crypto market capitalization was above $1 trillion today, while it was 1% higher in the past 24 hours at $1.03 trillion, according to CoinGecko.

“This week started on a bearish note. Bitcoin has been trading sideways between $19,500 and $20,500 for the past few days. BTC could likely test support around the lower area of ​​this level as BTC struggles to sustain its current levels. The current drop could be due to high sell orders over the past week. If the buyers can break above the $20,000 level, we could see BTC bounce back soon. On the other hand, the The Ethereum merger is now less than two weeks away and the price of the coin is holding steady at $1600.As activity ramps up, interest could likely create more demand in the coming days,” said Edul Patel , CEO and co-founder of Mudrex.

In contrast, Ether, the coin linked to the ethereum blockchain and the second-largest cryptocurrency, gained nearly 4% to $1,630. Ethereum is transitioning to proof-of-stake for its consensus protocol. Called the “merger,” the software upgrade has been in the works for years, and it will change the way Ethereum orders transactions to become more energy efficient.

Meanwhile, dogecoin price was trading at $0.06 today, while Shiba Inu fell around 1% to $0.000013. The performance of other crypto prices today was mixed as Chainlink, Apecoin, XRP, Uniswap, Binance USD, Polkadot, Tether, Litecoin, Avalance, Solana prices traded with slight gains over the past 24 hours while Cardano, Stellar, Tron, Polygon slipped. Ethereum Classic jumped over 22% as Ether enters the meltdown with the Bellatrix upgrade today.

Binance, the largest crypto exchange by volume, will begin converting all existing user balances and new deposits of USD Coin (USDC), Pax Dollar (USDP) and True USD (TUSD) into the Binance’s own stablecoin. company, according to a statement released on Monday. .

USDC, issued by Circle Internet Financial, is the second-largest stablecoin after Tether, with a market value of nearly $52 billion, according to data from CoinGecko. Binance’s stablecoin, BUSD, is a distant third at around $19.3 billion.

(With agency contributions)

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