Top Cryptocurrency prices today, October 20

CRYPTOCURRENCY PRICES UPDATES: Prices for cryptocurrencies fell sharply on Thursday, with Bitcoin, the biggest and most well-known digital currency, trading more than 1% down at USD 19,060. The price of Bitcoin has been trading in a constrained range of around USD 20,000 since June this year after rising to an all-time high of around USD 69,000 in November last year.

On the other side, Ether, the second-largest cryptocurrency and a coin connected to the Ethereum blockchain, fell by more than 2% to USD 1,282. Shiba Inu went down nearly 2% to USD 0.000010 while Dogecoin’s price was trading lower at USD 0.05.

The previous 24 hours saw sideways trading in bitcoin. As bulls and bears compete to rule the market, the price of BTC remains rangebound and unable to decide on a clear direction. BTC is currently priced at well over USUSD 19,000 per unit. There is a potential that bears will try to wrest the immediate support at USUSD 18,843 from them. 

However, the initial indication of strength may prompt additional buying in the direction of the USUSD 20,500 mark. Ethereum, the second-largest cryptocurrency, has been trading around the USUSD 1,280 mark. ETH could reach its immediate support at USUSD 1,263 and then around USUSD 1,190 if it slips below the present level “says Edul Patel, co-founder and CEO of Mudrex.

Avalanche, Binance USD, Polkadot, Cardano, Chainlink, Tether, ApeCoin, Solana, Cardano, Polygon, XRP, Terra, Stellar, Uniswap, Tron, and Litecoin prices were all trading at lower prices over the past 24 hours, which negatively impacted today’s performance for other cryptocurrency values. According to CoinGecko, the market capitalization of all cryptocurrencies fell below the USD 1 trillion threshold today after declining more than 1% over the previous day to USD 951 billion.

In an effort to control the industry’s rising electricity use, the European Union will create an energy efficiency certification for cryptocurrencies like Bitcoin.

In order to promote more environmentally friendly cryptocurrency systems, such as “proof of stake,” the European Commission will collaborate with international partners to develop a grading system “as per adraught proposal made public on Tuesday.

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