CRYPTOCURRENCY PRICES UPDATES: Prices for cryptocurrencies went up a little bit today, and Bitcoin, the largest and most popular digital token in the world, traded for more than 1 percent more at USD 19,501. Since June of this year, the price of Bitcoin has stayed in a narrow range of around USD 20,000. In November of last year, it reached an all-time high of almost USD 69,000.
Ether, which is linked to the blockchain of ethereum and is the second largest cryptocurrency, rose by more than 2 percent to USD 1,329. The price of dogecoin was up more than 1 percent to USD 0.05 today, and the price of Shiba Inu went up about 1.3 percent to USD 0.000010.
"Over the past 24 hours, Bitcoin and Ethereum rose by about 2 percent and 3 percent, respectively. It looks like BTC has settled above the USD 19,000 level, which shows that buyers are increasing in the market. BTC is currently trading above the USD 19,500 level. The next resistance could be at USD 19,647. If bulls break the resistance, BTC could rise to the USD 20,000 zone.
The prices of Avalanche, Binance USD, Polkadot, Cardano, Chainlink, Tether, ApeCoin, Solana, Litecoin, Tron, Uniswap, Cardano, Polygon, XRP, Terra, and Stellar all went up by a small amount in the last 24 hours. According to CoinGecko, the global crypto market cap was USD 975 billion today, which is less than USD 1 trillion even though it was up more than 1 percent in the last 24 hours.
As per reports, the Commodity Futures Trading Commission and the Securities and Exchange Commission are looking into whether the crypto hedge fund Three Arrows Capital (3AC), which filed for bankruptcy in July, misled investors.
In the past few months, global markets have gone down because central banks around the world have raised interest rates to stop inflation from going up too fast. As fears of a recession grow, risky assets like cryptocurrencies have been hit hard.
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