BTC, ETH, BCH and other stuff

Sep 23, 2022

Bitcoin (BTC) closes the week with a slight drop that puts its price below $19 000, while the rest of the cryptocurrencies in the market followed suit with mixed results.

According to information from CoinMarketCap, the price of BTC fell by 1.5% during the last day to leave its price in the range of $18 900. For its part, Ethereum (ETH) is the main loser of the day with a 1% drop in the last 24 hours to leave its price at $1 290.

On a weekly level, BTC continues its negative streak with a drop of 4% while ETH is painted completely red with its price 11% below its price last week.

A new cryptocurrency is born

In this context, it was confirmed that the Cardano Chain Fork (ADA) was a success and that its new version Cardano Vasil will be able to be implemented without problems and with the significant improvements it adds to the system.

It is a hard fork that will allow the network to transmit blocks without full validation, which allows faster block creation, and an increase in the efficiency of creating decentralized applications (Dapps).

The announcement of the successful launch caused the price of Cardano's ADA coin to rise almost 4% to $0.46, although in the last hours it lost value again with a drop of 0.3% in the last 24 hours.

SLIGHT RECOVERY OF CRYPTOCURRENCIES

Finally, the ten cryptocurrencies with the highest market volume open the day flat but with mixed returns ranging from 2% down to 12% up according to data from CoinMarketCap.

The best case remains Ripple (XRP), which posted a 12% gain in the last 24 hours to leave its price at $0.5. As for the rest of the quotes, the prices varied as follows:

• Solana (SOL): US$31 (1% down)

• Cardano (ADA): $0.44 (0.3% down)

• Binance Coin (BNB): $274 (1.4% up)

• Dogecoin (DOGE): $0.06 (1.7% up)

On a weekly basis, almost all major cryptocurrencies are in the red with ADA down 1%, SOL down 3%, and BNB down 0.5% in price compared to last week. Only XRP and DOGE reported positive results in the last 7 days, with increases of 50% and 1% respectively.

At the time of publishing this article, BTC has climbed above $19 300 on a rally, dragging BCH close to $120 and ETH taking it above $1 300 as well. We'll see how long the momentum lasts.