Crypto On Sept. 16: Bitcoin, Ether Remain Bearish Post The Merge

The crypto market opened on a bearish note Friday for almost every cryptocurrency despite the successful transition of Ether (ETH) from proof of work to proof of stake consensus, one of the most anticipated events in the crypto space.

The leading cryptocurrencies Bitcoin (BTC) and ETH dipped below their respective support levels at the $20,000 and $1,500 price levels. As per the data from CoinMarketCap, the price of BTC and ETH tokens as of 12.04 a.m. ET was $19,755 and $1,470, respectively. Moreover, the trading volume of BTC dropped 7.85% in the last 24 hours while that of ETH jumped by 28.55%.

The data from Alternative.me stated that the crypto market sentiment was "extreme fear" and the value of the Fear and Greed Index was 20. In the last seven days, BTC dipped 0.36%, while ETH dropped 11.76%.

The other top 10 cryptocurrencies were in red, with Solana (SOL) down 0.78% to $32.81; Binance Coin (BNB) down 0.98% to $273.35; Cardano (ADA) down 0.20% to $0.4687; Dogecoin (DOGE) down 1.34% to $0.005945; and Ripple (XRP) down 2.52% to $0.3272.

The top losers in the crypto market included Ravencoin (RVN), which was down 10.47% to $0.0555; Celsius (CEL), which was down 8.23% to $1.78; Decred (DCR), which was down 4.44% to $26.07; and Kusama (KSM), which was down 4.37% to $43.96.

The best performers in the crypto market included Terra Classic (LUNC), which was up 5.72% to $0.0002831; Chainlink (LINK), which was up 4.61% to $7.53; Cosmos (ATOM), which was up 13.17% to $15.23; and Tron (TRX), which was up 1.13% to $0.06141.

Other notable performers as of 12.07 a.m. ET included Golen (GLM) which was up 12.22% to $0.3377; Chiliz (CHZ) which was up 10.80% to $0.203; and Kyber Network Crystal V2 (KNC), which was up 6.01% to $2.01.