Business News Asia
Bitcoin rises above $21,000
Bitcoin rose above $21,000, reaching a two-week high. This was due to the weakening of the dollar, which boosted the purchase of risky assets, including cryptocurrencies.
The bitcoin price rose 9.79% today to $21,605.05.
In addition, bitcoin has been supported by the rally on Wall Street, including expectations that the United States will release a slower Consumer Price Index (CPI) next week, which will ease pressure on the Federal Reserve’s accelerated rate hikes.
Today’s rally gives Bitcoin its best weekly gain in a month and the second week in a row with a rise.
However, bitcoin remains below the $69,000 it reached in November 2021, the highest level in history, before breaking below $20,000 in June 2022 on fears that the Fed’s accelerated rate hikes and balance sheet cuts will strain market liquidity and lead to a recession in the U.S. economy.
The Spot Market is Open
Saturday, September 10, 2022
| Crypto Updated at | USD Price | Change | %Change |
| 14.30 BTC | 21,493,16 | +198.02 | +0.93 |
| 14.30 ETH | 1,731.18 | +13.57 | +0.79 |
| 14.30 LTC | 61.86 | +0.98 | +1.61 |
| 14.30 BNB | 295.89 | +3.00 | +1.03 |
| 14.30 XRP | 0.36 | +0.01 | +3.50 |
| 14.30 ADA | 0.51 | +0.02 | +4.43 |
| 14.30 DOT | 7.79 | -0.00 | -0.05 |
| 14.30 DOGE | 0.06 | +0.00 | +1.35 |
| 14.30 UNI | 6.63 | +0.02 | +0.30 |
| 14.30 LINK | 7.78 | -0.04 | -0.54 |
