Bitcoin is the first successful internet money based on peer-to-peer technology; whereby no central bank or authority is involved in the transaction and production of the Bitcoin currency. It was created by an anonymous individual/group under the name, Satoshi Nakamoto. The source code is available publicly as an open source project, anybody can look at it and be part of the developmental process.
Among the cryptocurrencies with the steepest declines, the following stands out Ethereum, since after the arrival of The Merge has not yet managed to raise its head as projected by many analysts.
- BTC dropped below USD $19,000 on September 19.
- ETH still not getting back on its feet after the arrival of The Merge
- While LUNC gains gains refer to an increase in value or profit. today, major altcoins go lower
A new week begins and we open our price report for this September 19 reviewing the evolution in the price of Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. (BTC), the main digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currency currency is a medium of exchange that defines value. that still continues to decline and is trading at this hour at around USD $19.171 per unit, capitalizing on a 2.79% drop in the last 24 hours.
Looking in detail the evolution over the last 24 hours, the data published in our section CryptoMarkets DailyBitcoin y CoinMarketCap it is appreciated that, despite the Bitcoin The price is currently hovering around the USD $19,000 barrier, hours before it fell below that mark and reached lows near USD $18,350 on the main exchanges. Although it has subsequently recovered partially, there is still some irregularity to ensure that prices could reverse and return to values seen last week.
Hand in hand with this drop is an increase in trading volume how much cryptocurrency has been traded over a set period, such as the past 24 hours. over the past 24 hours, which stands at over USD $41.667 billion at this hour with an increase of 59.3% over the course of the day. These numbers reflect a significant uptick in trading activity, something that is especially present in these uncertain times for the crypto market.
Fears about possible measures by the FED
Something that is on the agenda for the next few days is the new round of announcements by the US Federal Reserve (FED), which is expected to go ahead with economic measures to curb rising inflation a general increase in prices and fall in the purchasing value of money. in the U.S., which could involve further sharp increases in bank interest rates.
According to recently published reports, fears of further interest rate hikes have already taken their toll on the cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. market, prompting many investors to liquidate their positions ahead of a possible fall in order to secure their capital. According to a report published by through the middle Cointelegraph , this uncertainty has already led to the liquidation liquidation refers to the conversion of an asset or cryptocurrency for fiat or its equivalents. of at least USD 500 million in the last 24 hours, mainly in the leveraged trading sector.
Following this last point, the data published by Coinglass The figures show that more than 130,000 traders were liquidated with an overall value of USD $431.5 million. The breakdown shows losses in the sector of BTC estimated at $44.5 million, while on the side of the ETH some USD 8.4 million was lost.
According to some analysts, despite the fact that the increase in inflationary levels decreased slightly with respect to previous months, for FED This could be a bad indicator to support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. the idea of a further percentage increase in interest rates. Let’s keep in mind that the last increase was 0.75%, so economists are inclined to think that the new increase will be similar or possibly higher, which would make its weight felt mainly in the crypto sector and in the stock market an area or arena, online or offline, in which commercial dealings are conducted. by leaving less capital capital is most commonly defined as the large sum of money you would use to invest. available for investments of this type.
This reading would go hand in hand with the words pronounced by the president of the FED, Jerome Powell, who indicated that the measures to deal with inflation would bring some pain to the residents of the North American country. One sector of analysts supports this stance, while another stresses that the regulator must understand that such actions are not addressing the real underlying problem, and only end up generating more resentment in the local and international economy.
Ethereum a decentralized open-source blockchain with smart contracts functionality. and major altcoins go down this September 19
Going back to the main exponents of the market, we can see that not only Bitcoin suffered on September 19, as many of the major cryptocurrencies also fell on the day:
The most noteworthy case would be that of Ethereum (ETH), the second digital currency with the largest market capitalization, which at this hour is trading at around USD $1,340 per unit, losing 3.78% of its price in the last 24 hours.
Although this percentage is not the highest recorded among the main exponents, all eyes are on the cryptocurrency since last week took placeThe Merge,the update that introduced far-reaching changes to the functioning of its network, which analysts and enthusiasts project will have a very good effect on its price in the medium/long term.
As for the rest of the coins, we have the following:
- Terra Classic (LUNC) y ApeCoin (APE) are among the top gainers with increases of 7.7% and 5.6% respectively.
- Ethereum Classic (ETC)is down with the steepest fall of the day, losing 8.5% in the last 24 hours
- It is followed by currencies such as Chainlink (LINK), XRP, Litecoin (LTC), Polkadot (DOT ) and others with falls of more than 6% throughout the day.
The most important news this September 19
Below, we share with readers some of the most read news in the last 24 hours:
- Ethereum fork, ETHPoW, suffers its first smart contract in traditional finance, a contract is a binding agreement between two parties. In cryptocurrencies, smart contracts execute functions on the blockchain. hack
- On the run: South Korea seeks Interpol’s help to nab Do Kwon
- UK financial regulators warn FTX is unauthorised
To buy cryptocurrencies through DiarioBitcoin
We understand that this is a complex and especially sensitive time in the cryptocurrency market, but if you are one of the people who see opportunities with the current prices, we remind you that our section CryptoMarkets buttons are now available for you to buy your favorite digital currencies.
If you wish to purchase Bitcoin ( BTC ), prefer to buy Ethereum ( ETH ) or want to get someTether ( USDT ), all you have to do is access our website CryptoMarkets and click on the currency of interest. In addition to viewing its price, performance and other market data, you will also find a buy button that will take you to a exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. reputable in which to do business.
We recommend everyone to be very attentive as this possibility will be added soon for a greater number of digital currencies.