Dogecoin Rise 8%, Bitcoin Fighting to Maintain $19,000 Level
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Answer Dogecoin Rise 8%, Bitcoin Fighting to Maintain $19,000 Level
- Bitcoin suffers and tries to maintain the level of 19 thousand dollars.
- Dogecoin shines among the top ten cryptocurrencies by total market capitalization.
After the recent volatility and the most recent decline in several months, Bitcoin has calmed down a bit around the $19,000 level.
Most of the altcoins recorded slight losses today, while Dogecoin emerged as the best performing cryptocurrency among the large-cap cryptocurrencies.
Bitcoin Struggling to Maintain the $19,000 Level:
The past several days have been very volatile for Bitcoin, starting with the drop to $18,300 on September 19.
At the time, it represented the lowest price level for Bitcoin in three months.
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Bitcoin entered and moved higher in the following hours and approached $20,000 two days later and that was before the US Federal Reserve meeting in which Jerome Powell announced an interest rate hike of 75 basis points.
As with previous periods, this order sent bitcoin just south.
Within hours, the cryptocurrency plummeted nearly $2,000 to a new three-month low of $18,100.
Despite this massive drop, Bitcoin immediately reacted and rebounded to the $19,000 level.
Last day, Bitcoin tried to recover more of its recently lost value but it has been halted and is now fighting to maintain the $19,000 level.
Bitcoin’s market cap is still struggling at $365 billion, but its dominance of altcoins has fallen below 39% now.
Dogecoin jumps 6%:
Altcoins have been very volatile in the past week.
Currently, Ripple is the undisputed leader in terms of gains, with the price of the coin up 40% in the last 7 days, possibly due to the backlog of whales and developments around the SEC lawsuit against it.
On the other hand, Binance, Solana, Shiba Inu, and MATIC all drew slight increases.
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While Dogecoin emerged as the biggest winner today from altcoins with a large market cap, after recording a 9% increase that pushed it to over $0.065.
Currently reached The total value of the crypto market is $940 billion, up 0.17% from yesterday.
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