Price of Bitcoin Today, September 16 The cryptocurrency market is incredibly volatile. In the past week, the price of cryptocurrencies has fallen. The 3 most valuable cryptocurrencies Prices for Bitcoin, Ethereum, and Tether have fluctuated.
Following a software update to Ethereum, the most significant blockchain in terms of business in the digital asset space, cryptocurrency prices have plunged. The price of Bitcoin, the biggest and most well-known cryptocurrency, was $19,736, down significantly.
The global crypto market cap appears to be over $1 trillion as of this writing, according to CoinGecko. After the switch to proof-of-stake, Ethereum, the second-largest cryptocurrency, dropped 8% to $1,471.
The chaos in the cryptocurrency market
The system would use 99.95 percent less energy after the software update, according to the Ethereum Foundation. This update will make it clear how cryptocurrency is used and how Ether tokens are made. This might be a big benefit for Ethereum as it aims to surpass Bitcoin, a competitor blockchain. Let us inform you that bitcoin has dropped below $20,000 for the first time since September 8th. Cryptocurrency investors continue to be concerned about a recession. Selling, therefore, picked up in practically all currencies.
Which other cryptocurrencies are there?
Dogecoin, which is currently trading at $0.05, was also trading one percent lower. While the Shiba Inu was currently selling at $0.0000012, up more than 1%. Other cryptocurrency tokens’ prices have also fallen. On the previous day, prices fell for XRP, Uniswap, Solana, Polygon, Avalanche, Binance USD, Polkadot, Litecoin, Apcoin, Cardano, and Stellar. On the other hand, Chainlink, Tron, and Tether have increased
US Dollar Coin level
In the past 24 hours, USD has been trading at a constant level in the coin. However, if we look at the past week, neither a rise nor a decline in its price has been observed. This digital currency is now worth $.