Crypto On Sept. 1: Bitcoin, Ether Turn Bearish As Market Turns Red

The crypto market opened on a bearish note Thursday with Bitcoin (BTC), the world's biggest cryptocurrency, down by 1.34% and Ether (ETH), the second-biggest crypto coin, down by 3.36%.

According to the data from CoinMarketCap, the prices of 1 BTC and 1 ETH as of 1:45 a.m. ET stood at $20,102 and $1,557, respectively. Interestingly, the broader market also followed the price action of these leading cryptocurrencies. The two represent around 58.65% of the crypto market.

As per the data from Alternative.me, the market is in "Extreme Fear" as the value of the Fear and Greed Index has dropped to 20. In the last seven days, BTC dropped by 6.98%, while ETH dropped by 7.47%.

Moreover, the maximum price of 1 BTC is predicted to be $36,111.95 by the end of 2022, as per the algorithm from PricePredictions, while the maximum price of 1 ETH is expected to be $2,798.68.

The other cryptocurrencies in the top 10 were mostly in red as of 1.45 a.m. ET with Cardano (ADA) down by 2.59% to $0.4505; Dogecoin (DOGE) down by 3.32% to $0.06113; Ripple (XRP) down by 1.75% to $0.3272; Solana (SOL) down by 3.38% to $31.48; and Binance Coin (BNB) down by 3.68% to $278.99.

The best performers in the crypto market as of 12:34 a.m. ET were eCash (XEC), which rose by 5.80% to $0.00004776; Monero (XMR), which rose by 1.26% to $153.01; Chiliz (CHZ), which rose by 3.75% to $0.2091; and Synthetix (SNX), which rose by 1.72% to $3.14.

The worst performers as of 12:34 a.m. ET were Zcash (ZEC), which was down by 4.81% to $58.81; Curve DAO (CRV), which was down by 4.33% to $1.12, Kusama (KSM) which was down by 4.98% to $47.06; and Arweave (AR), which was down by 4.90% to $10.98.