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 BTC21,493,16+198.02+0.93
14.30 ETH1,731.18+13.57+0.79
14.30 LTC61.86+0.98+1.61
14.30 BNB295.89+3.00+1.03
14.30 XRP0.36+0.01+3.50
14.30 ADA0.51+0.02+4.43
14.30 DOT7.79-0.00-0.05
14.30 DOGE0.06+0.00+1.35
14.30 UNI6.63+0.02+0.30
14.30 LINK7.78-0.04-0.54

Leave a Reply

Change Language
%d bloggers like this: