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Homeweb3.0Solana Reclaims Its Position Among the World's Top 5 Cryptos, Market Dynamics Overview
Solana Reclaims Its Position Among the World's Top 5 Cryptos, Market Dynamics OverviewSep 05, 2024 pm 06:07 PM
Daily Crypto Update Value Top Assets Massive Losses

The crypto market's mid-week performance follows the pattern from August. On Wednesday, the market witnessed most of the top assets gaining back value.

Solana Reclaims Its Position Among the World's Top 5 Cryptos, Market Dynamics Overview

Solana's remarkable performance on Wednesday propelled it back into the top five crypto rankings globally. Here's a concise summary of the daily crypto market movements to assist traders in navigating the dynamic landscape.

Bitcoin price analysis

Following a brief correction, Bitcoin's price experienced a 1.56% surge over the past 24 hours. At the time of writing, BTC trades at $57,177, having encountered a weekly decline of 3.82%.

The first support level for Bitcoin is at $56,647, followed by the $55,223 pivot point. The coin's first resistance level is at $59,000, indicating a substantial distance from the current price. This distance provides BTC holders with reassurance regarding the crypto's performance for the day.

Ethereum price today

The second-largest cryptocurrency, Ethereum, managed to outpace Bitcoin's gains by a small margin. On Wednesday, ETH price بالا رفت by 1.86%, bringing the crypto to $2,409.

The first support level for ETH is at $2,349, followed by the second support at $2,243. The first major resistance level for Ethereum is at $2,524, which is also at a significant distance from the current price. This distance suggests that ETH is likely to maintain its current performance for the day.

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