What is the Latest Situation in the Crypto Market? September 2, 2022

The total volume of cryptocurrency markets came to $961 billion, below the psychological support of 1 trillion, according to TradingView data. Let’s examine the price movements in Bitcoin (BTC), Ethereum (ETH) and Cardano (ADA) together. Let’s take a look at the latest situation in the cryptocurrency market. What is the latest situation in Bitcoin? At what level is the Ethereum price? What is the latest situation in Cardano? What is the latest situation in the cryptocurrency market?

Bitcoin (BTC) Latest Status

Bitcoin started the day with a 0.38% drop. The leading cryptocurrency of the market, Bitcoin, quickly came back to this region after losing the support of $ 20 thousand. Bitcoin is currently volatile in its critical price zone. Bitcoin has reached over $20,000 as of the time of writing.

Bitcoin’s 4-hour chart

The $ 20 thousand level is very critical for Bitcoin and if Bitcoin holds here, the market will breathe a little. If we’re going to see a drop from here, the first stop could be the $17,000 region. If there will be a rise, Bitcoin’s first stop may be the $23,000 band. Bitcoin is trading at $20,000 as of the time of writing.

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Ethereum (ETH) Latest Status

When we examine the price action on the Ethereum (ETH) side, we see that ETH started the day with an increase of 0.13 percent. Ethereum, like Bitcoin, welcomed the day with an increase in the price band where it was undecided. Ethereum, on the other hand, lost the support of $ 1500, but received a quick reaction from there. Today, we see that Ethereum is traded above the $1,500 support. Ethereum is currently hovering above the $1500 support.

Ethereum’s 4-hour chart

While the support zone is working in Ethereum, we can say that the next target is the $ 1700 level. If there is a decrease on the Ethereum side, our first stop could be the $1400 band. As of writing, Ethereum is trading at $1,500.

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Cardano (ADA) Latest Status

Cardano (ADA), the 8th most popular coin in the market, started the day with an increase of 0.26%. Cardano aims to strengthen network performance with the Vasil Hard Fork update it will bring to the network.

Cardano’s 4-hour chart

Our strongest support in Cardano is the $0.43 level, which will be a lower stop if we see a decline from here. Cardano continues its undecided course between support and resistance. Cardano (ADA) is trading at $0.45 at the time of writing.

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