Cryptocurrency Prices on September 9: Bitcoin trades above $55,000; Toncoin, Avalanche gain over 4%
Bitcoin trading above $55,000 and Ethereum rising to $2,317. Notable gains were also recorded by Toncoin and Avalanche, which both saw increases of over 4%.
As of 1:31 pm IST, Bitcoin was trading 1% higher at $55,027, while Ethereum had surged 1% to $2,317. Other notable gains included Dogecoin up 1.6%, Tron rising 1.7%, Toncoin by 5.7%, Avalanche by 4.7%, Shiba Inu by 1.5%, and Chainlink leading with a 3.5% increase.
«Over the weekend, the crypto market remained bearish, with Bitcoin dropping below $53,000 for the first time in recent months. It’s still uncertain if Bitcoin has reached its bottom, as no solid confirmation is available yet. This week’s focus will be on the U.S. CPI and PPI data releases, which could impact market direction,» said the CoinDCX Research Team.
«For Bitcoin, key support levels are around $54,500 and $52,650, while resistance levels are at $59,650 and $61,600,» CoinDCX added.
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View Details»Shivam Thakral, CEO of BuyUcoin, commented, «The market is showing optimism due to expectations of an interest rate cut, as new data suggests the
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