Cryptocurrency markets show significant bearish momentum this Saturday after trading sideways most of last week. Bitcoin price is struggling to hold above the $20k range, while Ethereum is likely to break down through the $1,500 support. In addition, the global cryptocurrency market cap has dipped below the $1 trillion range, losing over 4.48% in valuation in the past 24 hours. The bears are making their presence known today, as prices are dropping and trading volume is increasing. Key Points: Bitcoin price struggles to hold above $20k while Ethereum drops to $1,500 Global cryptocurrency market cap falls below $1 trillion, signaling
The post The Bears Make Their Presence Known, Bitcoin Price Dips to $20K, Ethereum Drops to $1,500 appeared first on The Merkle News.
Powered by WPeMatico
Bitcoin was trading close to $20,000 to start the weekend, as traders reacted to comments from U.S. Fed Chair Jerome Powell during Friday’s Jackson Hole summit. Powell warned that “there will be some pain ahead,” as the Fed attempts to bring the rate of inflation down. Ethereum was below $1,500 on Saturday. Bitcoin Bitcoin (BTC) […]
Bitcoin fell lower on Friday, as the token slipped below a key resistance level during today’s session. Following a mini rally in price this week, bitcoin bears returned to action, as volatility in the market increased. Ethereum was also lower, falling back below $1,700. Bitcoin Following a mini rally this week, bitcoin (BTC), was back […]
With a cryptocurrency ownership rate of 10%, or four million people, South Africa “ranks 18th out of 26 countries for crypto adoption,” the latest Finder’s report has said. The report also noted that South Africa’s proportion of crypto owners holding bitcoin, 52%, is the third highest out of 26 countries. Just Over Half Own BTC […]