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Bitcoin regains $20 thousand level, digital currency APE rises more than 15%

Bitcoin regains $20 thousand level, digital currency APE rises more than 15%

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Answer Bitcoin regains $20 thousand level, digital currency APE rises more than 15%

After several fluctuations and a drop in price, Bitcoin finally saw some relief by touching the $20,000 level.

Most altcoins saw slight gains as well.

Once again, Ripple stands out as the best performing currency out of the larger market cap cryptocurrencies as it is up 11% in the last 7 days, and ApeCoin is up almost 16% in the last 24 hours.

Bitcoin back to the $20,000 level:

It’s safe to say that the past week or so hasn’t gone well for the underlying cryptocurrency.

The price of Bitcoin surged to a multi-week high at just under $23,000 on September 13, but the overall downtrend and US CPI numbers sent it down quickly.

Read:After Coinbase…Regulatory Audit Reaches One of the Most Popular Cryptocurrency Lenders in the US

Within a day, Bitcoin found itself struggling to stay above $20,000.

Although she did at first, she fell without it at the end of the week.

Bitcoin’s weekly low came in at $19,300, set last Friday, but Bitcoin had a fairly positive reaction at that point and bounced back a few hundred dollars.

The price of Bitcoin continued to climb on Saturday and early Sunday, thus currently surpassing the $20,000 level.

Bitcoin’s market cap remains below $400 billion, while Bitcoin’s dominance over altcoins has stalled at 39.5%.

APE digital currency move:

Since the Ethereum Merge merged on Thursday, the price of the cryptocurrency Ethereum has suffered.

Initially, Ethereum reacted quietly to the change of its mechanism from mining to PoW-to-PoS rationing but it started free-falling in the following hours.

The price of Ethereum fell from $1,600 to a multi-week low under $1,400 in almost one day.

As of now, the second largest cryptocurrency stands at $1,450 after a slight daily increase.

Similar gains are seen from Binance, Cardano, Solana, Shiba Inu and MATIC coins with larger market caps.

Read:Borussia Dortmund joins the crypto world by partnering with trading platform Bybit

Interestingly, Ripple once again outperformed all other currencies in the top ten with another price increase.

The APE cryptocurrency has emerged as the biggest winner of the mid-cap altcoins.

APE price is up almost 16% on the 24-hour scale and is trading above $5.5.

The movement of cryptocurrencies did not help the total market value to rise above the $1 trillion level.

Read also:

After the integration upgrade…Dogecoin and Bitcoin are now the largest mining-based networks

Michael Saylor Says: Will Bitcoin (BTC) Get Stronger After Consolidation?


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