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Bitcoin (BTC) on Monday, September 12, was able to overcome resistance in the area of $ 22,000. At the time of publication of this review, BTC was trading at $22,188.
Altcoins also win back losses. Bloomberg analysts believe that the expansion is observed on the eve of the renewal of Ethereum.
The Merge fork will take place this week, and by the time of its activation, the largest digital currencies should demonstrate good performance.
Ether (ETH) reached $ 1760, today the largest altcoin can break above $ 1800. ETH has a good chance of reaching $2,000 within the next few days.
Cardano (ADA), Solana (SOL) and Polkadot (DOT) strengthened by about half a percent to $0.51, $35.49 and $7.78, respectively. The capitalization of the crypto market during European trading exceeded $ 1.053 trillion.
However, in annual terms, digital currencies still could not recoup.
The MVIS CryptoCompare Digital Assets 100 index, which reflects the performance of the top 100 virtual currencies, lost more than 50% in 2022.
Sean Farrell of Fundstrat Global Advisors believes that after the Merge update, the crypto market will again face massive capital outflows.