Bitcoin price is back above $20,000
On Friday, September 9, quotations of the first cryptocurrency in a short time rose from marks near $19,400 to $20,800 in the moment. The total capitalization of the market returned to $1 trillion. Bitcoin has added 6.7% in the past 24 hours, according to CoinGecko. The current price is $20,654.
The second most capitalized cryptocurrency has gained 4.4% in the last 24 hours. At the time of writing, Ethereum is trading above $1700. Following the flagships, the rest of the market moved into the green zone. The best dynamics is demonstrated by Solana - more than 8% for the last 24 hours.
Recall that on September 7 bitcoin price failed the $19,000 level, falling to $18,500 for the first time since July. Ethereum prices fell to $1,500 after rising on the activation of the Bellatrix update. Earlier, Genesis Trading's head of derivatives Joshua Lim attributed bitcoin's weak dynamics to the implementation of the idea of "institutional inflows," the ease of opening shorts and the growing popularity of paired trading with other cryptocurrencies.