Bitcoin traded flat while ether rose on Thursday night, as the global cryptocurrency market cap rose 0.3% to $983.9 billion.
| coin | 24 hours | 7 days | Price |
|---|---|---|---|
| Bitcoin BTC/USD | -0.1% | -6.5% | $20,086.08 |
| ether ETH/USD | 1.2% | -6.1% | $1,579.66 |
| Dogecoins DOGE/USD | 1.1% | -9.2% | $0.06 |
| cryptocurrency | 24-hour % change (+/-) | Price |
|---|---|---|
| TerraClassicUSD (USTC) | +21.8% | $0.04 |
| EOS (EOS) | +9.9% | $1.52 |
| equalizer (BAL) | +9.7% | $7.81 |
See also: Best Crypto Debit Cards
Why it matters: The second-largest coin has been buoyant amid the excitement surrounding its move to a proof-of-stake mechanism. The Apex Coin made no notable moves.
Michael van de Poppe said that Ethereum “carries the entire market.” The cryptocurrency trader tweeted, “If the regular markets take a slight bounce, chances are we’ll accelerate to the upside fairly quickly in crypto.”
#Ether carries the entire market.
If the regular markets take a slight bounce, we’ll likely accelerate to the upside fairly quickly in crypto.
— Michaël van de Poppe (@CryptoMichNL) September 1, 2022
Among other risky assets, equity futures were flat at press time as investors awaited August US jobs data, due on Friday.
“The real test for Bitcoin is whether it can stay close to $20,000 post-NFP [Non-Farm Payroll] Publication. A hot jobs report and bets on Fed rate hikes could rise and that could trigger downward pressure keeping an eye on summer lows,” he said Edward MoyaSenior Market Analyst at OANDA.
Justin Bennett shared two charts on Twitter, saying either the dollar index or the S&P500 was “wrong,” adding that the “reaction to Friday’s NFP should give us an answer.”
One of these markets is wrong.
The reaction to Friday’s NFP should give us an answer.$DXY $SPX pic.twitter.com/RoldlteXfk
— Justin…
