quora Crypto News on September 4

Crypto News on Wednesday

The price of Bitcoin and Litecoin increased on Wednesday. There are many digital currencies only several of them are famous around the world. The primary reason is that their market capitalization is quite impressive.

Bitcoin is the biggest cryptocurrency in terms of market capitalization. Number two digital currency is the Ethereum which is another valuable digital currency.

Digital currencies on WednesdayCryptocurrency news

On Wednesday, Bitcoin’s price continued to strengthen its position. Last month, Bitcoin struggled to remain above the $10,000 level. During the last several days, Bitcoin managed to stay above the $10,000 level. On September 4, Bitcoin’s price increased against the U.S. dollar. This happened after it was able to break the resistance level at $10,400 and $10,500.

The price of Bitcoin even reached a new monthly high as the price was close to $10,790. Bitcoin was unable to hold the momentum. However, there was a chance that Bitcoin surpasses the $10,500 level again. Yesterday, the price of Bitcoin was $10,403.

Another cryptocurrency Ethereum was also in difficult position. On September 3, the price of Ethereum was on the rise. However, Ethereum couldn’t break the resistance above the $180-$181 level. Ethereum’s prices fell to $175. After a while, Etherum’s price surpassed $180 level, but this process did not last for a long time. The price of Ethereum fell below that level again. On September 4, Ethereum’s price was $177.

Litecoin, on the contrary, strengthened its position. During the last week, Litecoin’s price fell to $62.37. However, Litecoin was able to reverse the trend. Yesterday the price increased by more than one percent in 24 hours and the price was $67.84. The price of Litecoin was close to $68.

This was great news for this cryptocurrency. The market value of Litecoin is $4.2 billion. Litecoin is the fifth-largest cryptocurrency on the market.

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