quora Cryptocurrency market update on September 9

Cryptocurrency market update on September 9

Bitcoin is one of the most successful digital currencies on the market. However, there are other famous cryptocurrencies as well. Ethereum, Litecoin, and the list go on as there are numerous digital currencies. The popularity of digital currencies made them more susceptible to external factors. It means that any price fluctuation might become a serious headache for the cryptocurrency owners.

Crypto newsDigital currency update

The price of Bitcoin changed multiple times during the weekend. Bitcoin, which is the number one cryptocurrency was very close to reaching the $11,000 on September 6. Nevertheless, this did not happen as after Bitcoin reached $10,952 its price started to fall. Bitcoin was very close to surpassing that level but came short of achieving that goal.

Bitcoin was unable to hold the momentum, and the price fell from nearly $11,000 to $10,042. This happened in several stages. As mentioned above the price of Bitcoin changed over the weekend. Bitcoin experienced problems after reaching $10,952. Bitcoin failed to break the resistance level against the U.S. dollar.

Bitcoin’s price started to decrease and fell below $10,600 and $10,500 support levels. However, Bitcoin managed to tackle this problem when its price reached more than $10,300. Unfortunately, the process did not last for a long time as the price fell again. Yesterday, Bitcoin’s price was $10,042.

Another vital cryptocurrency is Ethereum. Ethereum’s price reached more than $175 after breaking the resistance level. Ethereum’ price even reached $185 before falling below the $180 level.

On September 9, Ethereum’s price was $179. Next resistance level for the second-biggest digital currency was $180.

The price of the fifth-largest cryptocurrency remained below $70. However, Litecoin’s price was $69.38. It means that it was very close to reach the $70 level. Next goal for Litecoin was to overcome the resistance level and to surpass $71.

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