The cost of the leading cryptocurrencies Bitcoin (BTC) and Ethereum (ETH) fell again in the last 24 hours as of 11:00 Moscow time on September 1, 2022. The flagship virtual currency Bitcoin has fallen in price by almost 2% over the past 24 hours. Its rate was fixed at around $19,895.
Traders said the $20,000 cutoff is key, both in terms of technical analysis and psychology. Analysts from social networks stressed that the coming days could be very important in determining market trends.
The total capitalization of BTC was $380.6 billion, and daily trading volumes were still at a fairly high level of $31.19 billion. At the same time, the second cryptocurrency, ether (ETH), fell in value by almost 3%, losing 2.83 % for the past day. Its rate was fixed at around $1542.8, and the total supply of coins on the market amounted to $188.3 billion, with daily trading volumes of $18.23 billion.
Users of social platforms assured that the ETH rate was stuck in the flat, but everything should clear up in the coming days. In their opinion, $1,600 is a key resistance level, and if the value of the asset rises above this value, and the day closes above this indicator, then the bullish trend is likely to continue. Otherwise, the cryptocurrency rate may collapse to $1000.
Solana (SOL) and Binance Coin (BNB) were among the top 10 virtual assets by maximum capitalization. They lost 4.14% and 4.06% of their value, respectively. Binance Coin was trading at $274.9 and Solana could be purchased for $31.04.