Bitcoin
Bitcoin (BTC)
$104,282.00 1.1367
Bitcoin price
Ethereum
Ethereum (ETH)
$2,404.36 -2.87633
Ethereum price
BNB
BNB (BNB)
$642.22 0.15445
BNB price
Solana
Solana (SOL)
$167.68 0.97695
Solana price
XRP
XRP (XRP)
$2.38 1.0262
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000145 1.86815
Shiba Inu price
Pepe
Pepe (PEPE)
$0.000013 6.96191
Pepe price
Bonk
Bonk (BONK)
$0.0000193 5.8592
Bonk price
dogwifhat
dogwifhat (WIF)
$0.976443 3.86249
dogwifhat price
Popcat
Popcat (POPCAT)
$0.451581 4.71784
Popcat price
Bitcoin
Bitcoin (BTC)
$104,282.00 1.1367
Bitcoin price
Ethereum
Ethereum (ETH)
$2,404.36 -2.87633
Ethereum price
BNB
BNB (BNB)
$642.22 0.15445
BNB price
Solana
Solana (SOL)
$167.68 0.97695
Solana price
XRP
XRP (XRP)
$2.38 1.0262
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000145 1.86815
Shiba Inu price
Pepe
Pepe (PEPE)
$0.000013 6.96191
Pepe price
Bonk
Bonk (BONK)
$0.0000193 5.8592
Bonk price
dogwifhat
dogwifhat (WIF)
$0.976443 3.86249
dogwifhat price
Popcat
Popcat (POPCAT)
$0.451581 4.71784
Popcat price
Bitcoin
Bitcoin (BTC)
$104,282.00 1.1367
Bitcoin price
Ethereum
Ethereum (ETH)
$2,404.36 -2.87633
Ethereum price
BNB
BNB (BNB)
$642.22 0.15445
BNB price
Solana
Solana (SOL)
$167.68 0.97695
Solana price
XRP
XRP (XRP)
$2.38 1.0262
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000145 1.86815
Shiba Inu price
Pepe
Pepe (PEPE)
$0.000013 6.96191
Pepe price
Bonk
Bonk (BONK)
$0.0000193 5.8592
Bonk price
dogwifhat
dogwifhat (WIF)
$0.976443 3.86249
dogwifhat price
Popcat
Popcat (POPCAT)
$0.451581 4.71784
Popcat price
Bitcoin
Bitcoin (BTC)
$104,282.00 1.1367
Bitcoin price
Ethereum
Ethereum (ETH)
$2,404.36 -2.87633
Ethereum price
BNB
BNB (BNB)
$642.22 0.15445
BNB price
Solana
Solana (SOL)
$167.68 0.97695
Solana price
XRP
XRP (XRP)
$2.38 1.0262
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000145 1.86815
Shiba Inu price
Pepe
Pepe (PEPE)
$0.000013 6.96191
Pepe price
Bonk
Bonk (BONK)
$0.0000193 5.8592
Bonk price
dogwifhat
dogwifhat (WIF)
$0.976443 3.86249
dogwifhat price
Popcat
Popcat (POPCAT)
$0.451581 4.71784
Popcat price

Bitcoin and Ether Market Update September 2, 2021

Markets
Bitcoin and Ether Market Update September 2, 2021

Total crypto market cap added $131 billion to its value for the period since Monday and now stands at $2.22 trillion. The top ten coins are mostly in green for the last 24 hours with Dogecoin (DOGE) and Polkadot (DOT) adding 7.3 and 7 percent to their respective values. At the time of writing bitcoin (BTC) is trading at $50,017. Ether (ETH) is at $3,750.

BTC/USD

Bitcoin closed the trading day on Sunday, August 29 at $48,780 after suffering yet another rejection in the area above $49,000. The $49,750 mark started acting as a resistance ever since it was first reached on August 21, but in general, BTC was slowly forming a bull flag on the daily chart – a pattern indicating a potential reversal to the upside if respected.

The coin ended the previous week with a 1.2 percent loss and for the first time in five weeks closed in red. Still, it is worth noting that bulls successfully avoided a break below the $46,500 and established it as a support on the higher timeframes.

On Monday, the BTC/USDT pair corrected its price down to $46,965 erasing 3.5 percent of its total valuation but found stability at the 21-day EMA and the lower boundary of the mentioned bull flag formation.

The Tuesday session on August 31 found the biggest cryptocurrency struggling to break above the $48,000 area, so it only managed to form a short green candle to $47,165. BTC was 12.6 percent up for the month of August.

The mid-week trading on Wednesday started with a drop to $46,500 in the early morning hours, but bulls were quick to react and defended the support line.  BTC rallied 3.7 percent and closed the day at $48,850.

What we are seeing midday on Thursday is a solid reversal to the upside and the price trading around $50,000.

Bitcoin and Ether Market Update September 2, 2021 - 1

ETH/USD

The Ethereum Project token ETH continued to trade in the $3,320 – $3,000 zone for more than 22 days, which according to the majority of the cryptocurrency market analysts represents a consolidation phase after the rapid increase before and after the last major network upgrade.

On Sunday, August 29, the ether closed at $3,218 in its second consecutive day in red, but still, it remained flat on a weekly basis even though it was moving up and down the wide range between $3,370 and $3,057.

The Monday session was when bulls tried to push the price of ETH above the $3,320 mark, but once again it resulted in a failure. The coin closed flat.

On Tuesday, August 31, the ETH/USDT pair bounced back up from the 21-day EMA on the daily timeframe and broke out of the range, eventually closing at $3,420 or 5.8 percent higher. It was 35.4 percent up on a 30-day basis.

The mid-week session on Wednesday came with a second consecutive day in green and a new mid-term record – $3,841.

As of the time of writing, the leading altcoin is hovering around the $3,750 zone.

Bitcoin and Ether Market Update September 2, 2021 - 2