Digital currencies on Wednesday

The price of cryptocurrencies changed several times on September 11. The digital currency market became more popular around the world. Cryptocurrencies also have some issues, but there are more advantages than disadvantages.

The digital currencies won’t be able to replace the traditional currencies. Nevertheless, they are one of the best alternatives on the market.

Customers who are satisfied with the central bank’s policies have the opportunity to start using the cryptocurrencies. One of the most significant advantages is that digital currencies are not under the control of the central bank in the U.S, or elsewhere. All of the reasons mentioned above helped the cryptocurrency market to attract investors.

Cryptocurrency market news

The price of the biggest digital in terms of the market capitalization fell on September 11. The Bitcoin’s price fell below $9,950. This is a severe issue for Bitcoin as when the price drops below $10,000, it creates additional pressure on Bitcoin. This level is considered as key support level for the Bitcoin.

On September 11, Bitcoin’s price declined against the U.S. dollar. The price of Bitcoin changed multiple times. The price of Bitcoin even reached $10,528, but it couldn’t hold the momentum and price even fell to $9,938.

On Wednesday, the Bitcoin’s remained below $10,000. Yesterday, the price was $9,950. Bitcoin was under pressure, and its price might fall below $9,950.

Ethereum was also in a difficult position. In the last several days, Ethereum tried twice to break the resistance level above $185. Unfortunately, the attempts proved unsuccessful.  On September 11, Ethereum’s price was $178.9.

The Litecoin was also under pressure as its price fell to $70. The Litecoin has to overcome the resistance at $77-80. If Litecoin is going to surpass that level, the price might even reach $100.