CandleFocus Crypto price roundup: BTC, SUI, AVAX, ADA, ICP, DOGE
2024-09-19
Author: Content Editor
In the crypto market update for September 19, 2024, Bitcoin (BTC) broke above $62,000 after the US Federal Reserve announced a 0.5% interest rate cut, the first since 2020. Altcoins also traded higher, with Ethereum (ETH) reaching above $2,450. Sui (SUI) saw a 15% surge and reached highs last seen in April 2024, with analysts noting its potential as a competitor to Solana. Avalanche (AVAX) reached a three-week high, benefiting from the overall surge in altcoins and the upcoming Avalanche Summit LATAM. Cardano (ADA) saw a 5% rise and bounced off resistance, with the recent successful launch of the Chang hard fork expected to boost community sentiment. Dogecoin (DOGE) lagged behind other meme projects but could potentially break to $0.14 and target $0.22. Internet Computer (ICP) gained 6% and achieved a major partnership with Cambodia’s Ministry of Industry, Science and Technology & Innovation, allowing for exploration of decentralized applications.
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