Bitcoin and Cryptocurrency Price: Monday, September 5

After last week’s stability, it started to fall in all cryptocurrencies. However, many experts expect a significant increase

After hitting a new all-time high (ATH) above $68,500 last October, Bitcoin, Ethereum, and the rest of the market continue to suffer from the hemorrhaging that has plagued the entire market for nearly a year.

And a few months ago, the entire market suffered another brutal fall, which caused anxiety among investors.

While cryptocurrencies had a rocky start to the week, they started to rally on Wednesday, with Bitcoin trading at $19,730.41, a 0.17% change in the digital currency’s price over the past 24 hours. Bitcoin has a market cap of $378,271,951,444 with a circulating supply of 19,142,885 BTC.

Bitcoin price change over the past year.  Source:

Bitcoin price change over the past year. Source:

Cryptocurrency buying and selling platform gravel, BTC today reaches a value of 5,755,192.93 pesos for buying and 5,459,464.07 selling for a difference of -1.38%. It should be noted that this new value is linked to the value of the parallel Argentine dollar.

Bitcoin price change in pesos over the past year.  Source: Ruins.

Bitcoin price change in pesos over the past year. Source: Ruins.

Price of other cryptocurrencies:

  • Ethereum: $1,562.90 (-0.08%)
  • BNB: $274.34 (-0.24%)
  • Binding: $1.00 (0.00%)
  • Solana: US$31.37 (-0.88%)
  • XRP: $0.32 (-0.50%)
  • Cardano: $0.48 (-0.66%)
  • avalanche: $18.54 (-0.97%)
  • dots: $7.48 (-0.20%)
  • Dogecoin: $0.06 (-0.70%)

What can be expected from Bitcoin in the short term?

Cryptocurrency specialist Camilo Rodríguez explains to iProUP that technically, BTC is still in the macrolateralization stage..

“What we have seen in recent days was a temporary rise, but in the short term it will have a correction,” warns the expert, adding: “We are waiting for the Fed to make new announcements. When this happens, the price of bitcoin will generally fall, just like in traditional markets.

Furthermore, Rodríguez points out that “when there are daily candles above us 24,100 u$only then could we evaluate direct search above 26,150 u$“.

Bitcoin and Ethereum Fall Strongly After The Merge

Bitcoin is down almost 6% this Thursday.

Bitcoin is down almost 6% this Thursday.

Paying attention to what might happen to Bitcoin in the medium term

Gabriel Vago, CEO of the ArgenBTC exchange, explains to iProUP that Bitcoin received a positive boost from users who used it as a haven of value amid rising inflation in the United States., positive acceptance of ETH network changes and the rise of major global technology companies.

However, the ArgenBTC specialist fears that these yields are just an oasis in the middle of the desert, and expects that there will still be new drops that will bring the value of BTC lower than those that caused nervousness in the ecosystem last month.

“In the medium term, the trend will be downward and it can reach Bitcoin values ​​of around $10,000 or $13,000 per unit“, alert.

For this reason, given the volatility that plagues the ecosystem, it is important to get informed before investing in cryptocurrencies and integrate them into a balanced portfolio to protect against sudden price drops.


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