Cryptocurrency market at the beginning of September
The popularity of cryptocurrencies is the result of the hard work undertaken by the crypto communities around the world. It means that little-by-little the information about digital currencies such as Bitcoin, Ethereum, and others will become available for millions of people. Moreover, the number of people who are willing to learn more digital currencies is also on the rise.
Cryptocurrency market on Monday
The price of the most significant digital currency in terms of market capitalization recovered on Monday. In August, Bitcoin struggled to strengthen its position. In the second half of the month, especially during the last days of August, its price remained less than $10,000.
Bitcoin was unable to retain the price above $10,000 level for several days. Even though at the moment the price is below $10,000, the overall situation is improving, which is important news.
Bitcoin’s price started to increase against the U.S. Dollar. It was able to break the resistance at $9,500 level. Right now Bitcoin’s price $9.619. Next goal of this cryptocurrency is to surpass the $9,800 level.
Another digital currency, which is the Ethereum is also recovering. It is worth mentioning that Ethereum also struggled in August, as its price below $180. However, second-largest digital cryptocurrency is on the rise. The price started to increase above $168 level. Right now Ethereum’s price is $170. There is a chance that this positive trend might continue in the upcoming days.
The price of another primary cryptocurrency, which is Litecoin failed to recover above $70 level. Litecoin is the fifth-largest digital currency on the market. During the last days of August, its price fell to the lowest point since the beginning of the month. The price was $62.19. However, Litecoin’s price increased and at the moment is $66. Next resistance level for Litecoin is to surpass the $68.
Bitcoin and other cryptocurrencies are on the rise. Its prices are far from ideal, but the overall tendency gives hope that this trend will continue in September.
