Digital currencies on Monday

Digital currencies are becoming more popular around the world. Thanks to people who care about the future of crypto money. Digital currencies such as Bitcoin, Ethereum, are the best known digital currencies along with several other cryptocurrencies. As a result, more and more people start to realize the importance of digital currencies.

Crypto news

Bitcoin is the biggest digital currency in terms of market capitalization. Last month in August, Bitcoin experienced problems as it struggled to stay above $10,000 level. This became evident, during the last days of August its price remained below $10,000.

It is essential to mention that $10,000 is an important indicator for Bitcoin. Yesterday, the price was still below $10,000. However, the overall situation started to improve which was great important news.

Bitcoin’s price increased against the U.S. Dollar. It was able to break the resistance at $9,500 level. On September 2, Bitcoin’s price was $9.619. This trend can continue if Bitcoin is going to surpass the $9,800 level.

Ethereum also faced problems. However, on Monday, Ethereum’s price rose a little bit which is an essential step regain its position. Bitcoin is not the only digital currency as Ethereum also struggled in August, as its price fell below $180. Ethereum is the second-largest cryptocurrency on the market. The price started to increase above $168 level.  Yesterday, Ethereum’s price was $170. There is a chance that Ethereum will continue to strengthen its position during the next several days.

Litecoin is another digital currency which failed to surpass its price. As Litecoin’s price was below $70 level. Litecoin is the fifth-largest cryptocurrency when it comes to the market capitalization. At the end of August, its price fell to the lowest level of the month. The price was $62.19. Yesterday, Litecoin’s price slightly increased and was $66. Litecoin’s price might increase if it is going to break the resistance level which is $68.

On Monday, the price of Bitcoin, Litecoin, and Ethereum increased, which is good news. The price of digital currencies is not what it used to be, but this might change in a couple of days.