Cryptocurrency prices are rising today. Bitcoin up 3%, Ether up 8%. Check late’s prices

On the other hand, Ether, the coin linked to the ethereum blockchain and the second largest cryptocurrency, jumped more than 8% to $1,625. Ethereum is moving to proof-of-stake for its consensus protocol. The last upgrade to the Ethereum network, known as Bellatrix, was activated on September 6, 2022. The next step after Bellarix will be the Paris upgrade, which will start up the miners to complete the merger. That upgrade will happen next week.

“Most cryptocurrencies regained their lost ground late Wednesday. Bitcoin is up nearly 3% in the last 24 hours after falling to $18,558, the weakest since July 13. If BTC can try to hold above current levels today, we may see it reclaim the $19,400 resistance level back soon.The second largest cryptocurrency, Ethereum, outperforms BTC and has successfully breached its initial resistance level of $1,537, looking towards the $1,650 level as the excitement for the consolidation increases. Let’s wait and see how things turn out before the merger,” said Edul Patel, CEO and co-founder of Mudrex, a global crypto investment platform.

Meanwhile, the dogecoin price today traded over 5% higher at $0.06, while the Shiba Inu fell almost 4% to $0.000012. The performance of other crypto prices today also improved as Chainlink, Apecoin, XRP, Uniswap, Binance USD, Polkadot, Tether, Litecoin, Avalance, Solana, Cardano, Stellar, Tron, Polygon prices traded with cuts in the last 24 hours .

Bitcoin has largely traded in the same direction as other risk assets such as the Nasdaq 100, as the Fed raises interest rates amid stubborn inflation. Meltdowns such as the Terra/Luna ecosystem and hedge fund Three Arrows Capital have also depressed sentiment, with many crypto firms declaring bankruptcy or struggling to survive.

(With input from agencies)

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