The BTC exchange rate has dropped to 34,173 USD by Friday.
This is exactly as expected: the quotes have accounted for all the existing drivers, and new ones have not come. That is why the market stopped.
The market looks ready to develop the scenario with a correction to 29,500 USD. After BTC reaches this target, an increase to 31,200 USD and 32,000 USD might become possible.
The cryptocurrency market capitalisation remains at 1.26 trillion USD. The BTC share has dropped to 53.0%, while the ETH share stands at 17.2%.
Total market weight of BTC amounts to 677.23 billion USD this week. To compare, Tesla market capitalisation is 675 billion USD and that of Eli Lilly is 556 billion USD.
Free Reports:
This week, the number of search queries “buy BTC” in the UK has topped up 826%. In the US, the query is formulated as “should I buy BTC now”. The number of such search queries has added 250%.
Market participants would not stop trying to use AI opportunities for working on exchange platforms. Now they are focused on the forecasts of the BTC price on Halloween made by the ChatGPT bot. AI insists that the most popular coins over this period will be BTC, ETH, BNB, and SOL.
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 On Wednesday, the US markets received a strong impulse from a combination of…
By Analytical Department RoboForex USD/JPY climbed to 159.36 mid-week, with the Japanese yen losing ground…
By Gregor Henze, University of Colorado Boulder and Sean Shaheen, University of Colorado Boulder Many…
By Anne Toomey McKenna, Penn State On a Saturday morning, you head to the hardware…
By Grigoris Argeros, Eastern Michigan University and Jordyn Gerwig, Eastern Michigan University Oakland County, home…
By JustMarkets The US stock market ended Monday’s trading session with moderate declines. By the…
This website uses cookies.