Ethereum

Solana

Bitcoin

Million

Billion

<ul class="list-ic vertical"> 
 <li> 1 <a>Bitcoin price attains anticipated support level at $26,000 while Ethereum price sustains over $1,600.</a> </li> 
 <li> 2 <a>Solana rose higher than its counterparts marking an increase of over 4%.&nbsp;</a> </li> 
 <li> 3 <a>The cryptocurrency price rise followed the recently released CPI report.&nbsp;</a> </li> 
</ul> 
Major cryptocurrencies are seen to trade in the green zone in the last 24 hours. This includes Bitcoin (BTC) and Ethereum (ETH) like prominent cryptocurrencies which rose over 1.5%. BTC and ETH attained crucial support levels, but other altcoins have surpassed them in terms of intraday growth. For instance, Solana (SOL) saw over 4% increase while Litecoin (LTC) noted more than 3% rise.&nbsp; 
Though there were no industry-specific instances that took place, the recent CPI report could be behind the pump given the instance that followed the report released on Wednesday, September 13th.&nbsp; 
The report noted that the annual inflation rate during August saw an acceleration. However, the Consumer Price Index (CPI), other than food and energy prices, saw a decrease.&nbsp; 
Along with the cryptocurrency market, Wall Street also experienced optimism resulting in U.S. stock futures trading higher.&nbsp; 
At the press time, CoinMarketCap data shows that Bitcoin (BTC) is trading at $26,272 following an increase of over 1% in the last 24 hours while it is up by 2% in the last week.&nbsp; 
The price settled down at the current price after attaining a price point above $26,300. The instance is crucial for the crypto asset since it has been trading below $26,000 for the past few weeks.&nbsp; 
In addition, Ethereum (ETH) followed in chasing the crypto market’s price growth. ETH saw a low trading price at $1,540 this week but following the recent price increase, it went above the $1,600 price level. The cryptocurrency is trading at $1,618 following a 1.7% increase in the last 24 hours.&nbsp; 
Solana (SOL) rose like a star among the top altcoins as the cryptocurrency gained the most in the last 24 hours. SOL is trading at $18.8 after rising over 4%.&nbsp; 
<h2 class="wp-block-heading" id="strong-ftx-offload-of-bitcoin-ethereum-might-affect-strong">FTX Offload of Bitcoin, Ethereum Might Affect</h2> 
One of the events waiting ahead to kick off and likely to impact the cryptocurrency price is the liquidation of<a href="https://www.thecoinrepublic.com/2023/02/16/ordinals-project-chainspace-nft-portal-linking-bitcoin-ethereum/" target="_blank" rel="noreferrer noopener"> Bitcoin, Ethereum</a>, and Solana-like cryptocurrencies belonging to FTX. The United States court approved FTX’s request of liquidating cryptocurrencies in its possession seeking to repay its investors and customers.&nbsp; 
According to Monday’s court filing, FTX’s portfolio holds $3.4 Billion worth of crypto assets. It includes $1.16 Billion in Solana (SOL), $560 Million worth of Bitcoin (BTC), and $192 Million of Ether (ETH), Reuters reported.&nbsp; 
The news of a bankrupt crypto exchange selling off its crypto assets made crypto prices flicker for a while. However, the assets traded in green despite a slight dip.

Bitcoin, Ethereum Regain Support Levels; SOL & LTC Price Rise Too

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Thecoinrepublic.com

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