Cryptocurrency prices today: Bitcoin, ether slip while Tron, Polygon gain

On the other hand, Ether, the coin linked to the ethereum blockchain and the second largest cryptocurrency, fell more than one percent to $1,292. Meanwhile, the dogecoin price today fell over 2% to $0.05, while Shiba Inu fell slightly to $0.000011.

“Bitcoin traded above the $19,000 level over the weekend, continuing the small gains of the past month. BTC failed to hold above the $20,000 level last week due to a lack of buying activity above that level. If BTC can break above $19,500 level, the immediate resistance will be $20,000. However, if it falls below the current level, we could see BTC go back to the $18,500 level. The second largest cryptocurrency, Ethereum, changed hands between the $1,200 level as investors are still digesting the the latest hawkish comments from the US Federal Reserve in a speech on Friday,” said Edul Patel, CEO and co-founder of Mudrex, a global cryptocurrency. investment platform.

Other crypto prices’ performance today was mixed as Avalanche, Binance USD, Polkadot, Cardano, Chainlink, Tether, ApeCoin, Solana, Litecoin, XRP, Stellar, Terra and Terra Luna Classic prices traded with cuts in the last 24 hours, while Tron , Polygon, increased marginally.

Global markets have slumped in recent months as central banks around the world raise interest rates to curb rising inflation. Risky assets such as cryptocurrencies have been particularly hard hit as recession fears rise.

Meanwhile, investors withdrew $17.6 million from crypto exchange-traded funds in the three months ended Sept. 30, according to data compiled by Bloomberg Intelligence. This figure is, as of Friday morning, well below the record $683.4 million withdrawn from such funds in the second quarter. The outflows mainly took place in the last two months. In July, investors poured upwards of $200 million into crypto ETFs, Bloomberg reported.

(With input from agencies)