Cryptocurrency Prices on September 5: Bitcoin surges above $57,000; Ethereum and Litecoin gain up to 4%

economictimes.indiatimes.com:

Bitcoin, Ethereum, and other major cryptocurrencies recovering from previous losses.

As of 1:02 pm IST, Bitcoin was trading 1.2% higher at $57,195, while Ethereum had surged 1.3% to $2,414. Other notable gains included Solana up 2.8%, Dogecoin rising 2.4%, Cardano by 1.5%, Avalanche by 1.7%, Shiba Inu by 2.6%, and Litecoin leading with a 4.3% increase.

Edul Patel, CEO of Mudrex, commented, “Bitcoin is currently consolidating, trading between $55,000 and $65,000. With the next support level at $55,200 and resistance at $58,800, traders are watching these levels closely for potential breakout signals.”

Meanwhile, Vikram Subburaj, CEO of Giottus, said, «Bitcoin is trading above $57,000 after posting a mild recovery today. BTC's RSI and MACD also point to muted buyer sentiment. This could signal a period of continued consolidation before Bitcoin can reclaim $60,000.»

Did you Know?

The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors.

The global cryptocurrency market capitalization increased by 0.91% to $2 trillion over the last 24 hours. Despite this rise, the Fear & Greed index declined to 34. Avinash