BTC has fallen to 26,323 USD by Friday. The weekly loss is currently 9.55%.
So, the market has passed below important support at 26,500 USD. What’s next? Next, we should all be cautious because it seems that buyers have not put much effort into defending this support. Exchanges closed long positions in BTC at 21.6m USD the day before and at least another 18.4m USD today.
If Friday closes the BTC below 26,500 USD, the nearest target for the bears will be at 23,600 USD.
The cryptocurrency market capitalisation has fallen to 1.100 trillion USD by today. The share of BTC on the floor fell to 46.3%, while the share of ETH rose to 19.6%.
Yesterday, the Ethereum cryptocurrency network experienced a glitch that caused transactions to stop being validated. The pause lasted about 25 minutes, after which the blockchain returned to processing transactions as normal.
Free Reports:
The PEPE meme token lost about 60% of its peak value recorded on 5 May. The coin’s capitalisation fell to 790 million USD from 1.8 billion USD previously. Still, compared to the price on 18 April, the token is worth almost 3,000% more.
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
By JustMarkets The Dow Jones (US30) decreased by 0.47% on Thursday. The S&P 500 Index…
By RoboForex Analytical Department EURUSD plunged to a six-month low of 1.0543 on Friday amid…
By ForexTime Nvidia: world’s largest company with US$3.6 trillion market cap Shares already soared 196.3% so…
By RoboForex Analytical Department On Thursday, the price of a troy ounce of Gold is…
By Bruce Huber, University of Notre Dame Fossil fuels are the leading driver of climate…
By JustMarkets At the end of Tuesday, the Dow Jones Index (US30) fell by 0.29%.…
This website uses cookies.