Latest Crypto Price Updates
London: 22 August 2023 (TraderMade): Cryptocurrencies have been among the most preferred instruments to invest and trade for thousands and millions of enthusiasts in recent years. After the worst week after the FTX collapse, the latest figures show that the market is stabilizing. Let us take a look:
Bitcoin Manages to Retain the $26,000 Mark
Bitcoin was trading low last week and before. It was at $25,822.70 on 19 August. However, as of 22 August, it is at $26,058.10. The digital asset investing community has seen the worst week since the FTX collapse in November last year. The recovery indicates the influence of macroeconomic elements.
Ethereum Held Above $1,650
Ethereum was $1872.78 on 1 August. It dipped to $1661.39 on 18 August. As of 22 August, it is at $1664.21. The second-largest digital currency also saw a significant decline last week, yet, it is recovering.
The regulatory actions, court matters, and other controversies in the last few weeks have caused the decline of many popular cryptocurrencies. However, many macroeconomic factors influence the prices.
Bitcoin has probably the psychological support for over $1 Million market capitalization. The largest cryptocurrency managed to stay above the $26,000 mark.
Rely on TraderMade Crypto API to get reliable and accurate crypto data and make informed decisions.
