The cryptocurrency market has been in a flux since the beginning of September. If you are a bitcoin investor then today there is good news for you. Bitcoin, which has been trading with a decline for the past several days, is trading above the $19,000 mark on Thursday. Bitcoin, the world’s largest and popular cryptocurrency, is trading up 5% on Thursday at $19,427. Apart from Bitcoin, the market price of Ether on the Ethereum blockchain, the world’s second most popular and largest cryptocurrency, has also seen an increase. Ether is also trading at $1,338 with a gain of 5% on Thursday. While the global crypto market cap is trading below $1 trillion for the last 24 hours. The total global crypto market cap is trading at $984 billion, up 2% on Thursday, according to CoinGecko.
Bitcoin and Ether may strengthen in the coming months
Idul Patel, CEO and co-founder of global crypto investment platform Mudrex, says that bitcoin is trading strongly above the $19,000 level after the traditional US market opened on Thursday. If bitcoin closes trading at $19,500, we will see further upside in the first week of the coming new month. Whereas on the other hand if the price of Ether on the Ethereum blockchain stays above the $1,410 resistance level, we will soon see a positive trend in it.
Dogecoin and Shiba Inu also have a bullish trend
The market price of Dogecoin saw an increase of 4% on Thursday. Dogecoin is trading at $0.06 on Thursday, while Shiba Inu is also trading at $0.0000011 with an increase of 3%. While the trading of many other cryptocurrencies also remained bullish on Thursday. Solona, Polygon, Polkadot, Litecoin, Cardano, Chainlink, Tether, XRP, Stellar and EpiCoin showed gains in trading in the last 24 hours.
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