Monday, September 25, 2023
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Bitcoin ($BTC), Dogecoin ($DOGE), Ethereum ($ETH) – Ethereum Firm, Bitcoin, Dogecoin Tread Red: Analyst Says ‘Vulnerable’ Apex Crypto Could Hit June Lows If This Happens

Major coins traded mixed Tuesday night as the global cryptocurrency market capitalization fell 0.8% to $973.7 billion at press time.

Price performance of major coins
coin 24hours 7 days price
Bitcoin Bitcoin/USD -1.3% -7% $19,963.73
ethereum Ethereum/USD 0.3% -6.2% $1,548.52
dogecoin Doge/US Dollar -3.3% -10.3% $0.06

24 hour top gainers (data via CoinMarketCap)
Cryptocurrency 24 hour rate of change (+/-) price
flow (flow) +5% $2
NEAR protocol (shortly) +6.5% $4.28
Nexo (Nex) +3.5% $1.02

Related item: How to get free NFTs

Important reasons: Bitcoin It broke below the psychologically important $20,000 level on Tuesday as it tracked a soft close in the stock market. Both the S&P 500 and Nasdaq closed 1.1% lower, while futures were flat at the time of writing.

new york federal reserve president John Williams I took a hawkish stance on Tuesday.he Said The Wall Street Journal says, “We will need restrictive policies for some time.”

“I think the real interest rate needs to be above zero because demand is far outstripping supply,” he said. “Somewhat restrictive policies are needed to slow down demand, but we’re not there yet.”

Edward MoyaSenior Market Analyst at OANDA.

“Bitcoin looks very vulnerable here if the broad sell-off on Wall Street intensifies. A 3% drop in the S&P over the next few days could be a catalyst for bitcoin to return to its June lows. It could be,” Moya said in a note seen by Benzinga.

The Dollar Index, which measures the dollar’s strength against its six peers, fell on Tuesday. At the time of writing, it was down 0.1% to 108.65.

Justin Bennett The dollar index has broken below the 109.30 resistance, which is “usually a bullish sign ahead” when broken.

The trader tweeted, “I think it will be 112-113 in September.” Notably, Bitcoin has recently moved in the opposite direction of the dollar index.

chartist Ali Martinez About 82,600 BTC, worth $1.7 billion, was withdrawn last month from wallets on known cryptocurrency exchanges, it said.

Michael van de Poppe He tweeted that Ethereum is heading towards $2,200 as it nears the move to a proof-of-stake mechanism.

“I still hope that this upward structure will continue. [Bitcoin] We will sweep $19,000 for liquidity,” said the cryptocurrency trader.

He said there was “distrust” among Ethereum traders amid a volatile trading week. santimento on Twitter.

“The crowd [shorted]the largest percentage since June 2021, across exchanges. Historically, price increases are more common in these situations.

Read the following: Vitalik Buterin Issues This Important Reminder Before Ethereum Merge

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