The BTC is consolidating near 26,455 USD on Friday. The flagship cryptocurrency lost 2.3% over the week.
There are numerous internal triggers that are alarming investors and hindering the market from buying. For example, market players continue to be concerned about the multiple and rather aggressive claims by the US Securities and Exchange Commission (SEC) against Binance and its management. It’s no secret that the SEC is seeking to put pressure on the cryptocurrency sector and complicate its operations to the extent that it would not be feasible to operate. The Commission now appears to have reached for really effective levers.
The fall in the BNB rate has also signalled a sell-off for digital assets.
Support for BTC remains at 26,000 USD, and next at 25,500 USD.
The capitalisation of the cryptocurrency market declined to 1.1 trillion USD. BTC’s share rose to 46.7%, while the share of ETH remains at 20.1%.
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Ripple sponsors the battle against climate change
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Article By RoboForex.com
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