Bitcoin bounces above $20,000, dogecoin rises over 8%. Check cryptocurrency prices today

On the other hand, Ether, the coin linked to the ethereum blockchain and the second largest cryptocurrency, gained more than 2% to $1,356. Meanwhile, dogecoin price today rose 8% to $0.06, while Shiba Inu also rose around 5 % to $0.000012.

“Bitcoin breached the $20,000 mark for the first time this month. 24-hour Bitcoin trading volume jumped a whopping 35% to cross $33 billion as investors worldwide look to younger assets to protect their wealth against falling fiat currencies. vi looking at historical data, Bitcoin always outperforms in October and continues its momentum till the end of the year, Bitcoin hit its lifetime high of $69,000 last November,” said Tarusha Mittal, COO, and Co-Founder, UniFarm.

The performance of other crypto prices today also improved as Avalanche, Binance USD, Polkadot, Cardano, Chainlink, Tether, ApeCoin, Solana, Litecoin, XRP, Stellar, Terra, Tron, Polygon, Stellar prices traded higher in the last 24 hours.

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.

Bankruptcy cryptocurrency lender Celsius Network Ltd. has set dates for the auction of its assets with the last bid deadline on 17 October, with an auction if necessary on 20 October. Celsius has been one of the most high-profile victims of this year’s crypto market meltdown that claimed the likes of TerraUSD stablecoin, hedge fund Three Arrows Capital and lender Voyager Digital Ltd.

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