|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Bitcoin (BTC) Maintains Its Position above $67,000 Despite a Brief Dip to the $65,000 Range
Oct 26, 2024 at 05:27 pm
Bitcoin (BTC) maintains its position above $67,000 despite a brief dip to the $65,000 range in the past 24 hours and is currently trading in the $67,000 level.
Bitcoin (BTC) price slipped below $65,000 on Wednesday morning, continuing a sell-off from seven-month highs hit earlier this week. The world’s largest cryptocurrency later recovered some ground to trade around $67,000.
Bitcoin price dropped as much as 2.50% on Wednesday before recovering, while other major cryptocurrencies, including Ethereum, Solana, and Ripple, also saw declines over the past 24 hours.
Bitcoin price has faced a volatile week, fluctuating between two key levels - $65,000 and $69,000. After failing to break above the $70,000 level on Monday, BTC has been on a downward trajectory, with other major altcoins following suit.
Despite the price movements that saw BTC briefly slip below $65,000 before recovering, Bitcoin appears to be stabilizing. Pauline Shangett, CMO at ChangeNOW, commented:
“Despite a volatile week, Bitcoin appears to be entering a stabilization phase. Market sentiment has improved, and indicators suggest that traders are comfortably in an accumulation period.”
Bitcoin price movements follow a week of substantial gains and losses, with BTC price seesawing between $65,000 and $69,000. After kicking off the week on Monday with a strong rally that pushed BTC price up to $68,398, the world’s largest cryptocurrency faced a slight decline on Saturday, settling at $68,278. BTC recovered on Sunday with a 0.72% increase, pushing the price up to $67,773.
After beginning the current week on a strong note as buyers pushed BTC to a day high of $69,401, buyers lost momentum after encountering strong resistance, allowing sellers to step in. BTC recorded a 2.13% decline on Monday and settled at $67,307.
A volatile session on Tuesday saw BTC drop to a day low of $66,523 before recovering and settling at $67,386. Intense selling pressure on Wednesday allowed sellers to drag BTC to a day low of $65,225. BTC, however, recovered from this level when buyers entered the market. The price eventually settled at $66,658, a marginal drop of 1.09%. Thursday’s session saw Bitcoin reach a high of $68,831 and a low of $66,510. Ultimately, BTC rallied to gain 2.29% and settled the session at $68,191.
The current session sees sellers taking control as BTC dropped to a low of $65,664 before recovering slightly to trade in the $68,600 range.
Bitcoin price movements are closely followed by other major cryptocurrencies, with most altcoins seeing price drops over the past 24 hours. Among the top 10 cryptocurrencies by market capitalization, XRP price suffered the biggest decline, dropping by over 2% to trade around $0.50. Solana (SOL) price also saw a significant drop of 1.73% over the past 24 hours, pushing SOL price down to the $160 level. Ethereum price dropped by 1.73% to trade around $2,450, while Dogecoin price also saw a slight decline of 0.78%.
The broader crypto market also saw a sell-off on Wednesday, with the total crypto market capitalization dropping by 1.14% over the past 24 hours to reach $2.81 trillion. Crypto market total volume also saw a 2.63% decrease over the same period to reach $190.43 billion.
Among the top gainers over the past 24 hours are Stacks (STX), which saw a 22.08% increase, followed by Orbeon Protocol (ORBN), which rose by 17.38%. Render Token (RNDR) also saw a gain of 14.78%.
On the other hand, the biggest losers include BinaryX (BNX), which saw a drop of 11.34%, followed by Trust Wallet Token (TWT) and ApeCoin (APE), which both fell by more than 8%.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- RWA Sector Set for Explosive Growth, Predicts Bitcoin Buddha: Reveals Top 6 Alt Picks: RIO, PENDLE, and More
- Oct 26, 2024 at 10:20 pm
- Crypto analyst Bitcoin Buddha has outlined potential growth trajectories for the Real World Asset (RWA) tokenization sector. He forecasts a market expansion to $16 trillion by 2030.
-
- Probably your last chance to buy cheap #Altcoins before the whole market goes into stratospheric mode.I hope the deviation hasn't shaken you out.Reclaim is already happening. Hardly any room left in the wedge. Send it.
- Oct 26, 2024 at 10:20 pm
- Analysts have urged investors to “buy the dip” before the altcoin market breaks out to new highs. A technical pattern on the weekly chart of the total
-
- Investing in low-cost cryptocurrencies presents a chance for remarkable returns
- Oct 26, 2024 at 10:20 pm
- There are four alternative coins priced under one dollar that could experience significant growth by 2026. These affordable digital assets might transform a modest investment into a substantial fortune. Delving into these promising altcoins could unveil opportunities for impressive financial gains in the near future.
-
- Stacks (STX) and Mantra (OM) Are Rising Stars in the World of Decentralized Finance
- Oct 26, 2024 at 10:20 pm
- There’s a buzz in the world of decentralized finance. Two digital tokens are making waves and capturing attention. Stacks (STX) and Mantra (OM) are rising stars that could change the game. This piece explores the reasons behind their growing popularity and why they might be worth watching.
-
- The Next Breakout Star: XYZVerse ($XYZ) Unites Sports Enthusiasts and Aims for Extraordinary Growth
- Oct 26, 2024 at 10:20 pm
- Excitement builds in the crypto world for what could be a significant surge in altcoin values. Market watchers note that certain undervalued cryptocurrencies are positioned for remarkable growth, capturing the interest of investors eager to find the next breakout star. The intersection of innovative features and passionate communities makes these tokens particularly compelling in the fast-paced digital currency landscape.
-
- XYZVerse (XYZ): The Next Meme Coin Champion Dominating the Field with 99,900% Growth Potential!
- Oct 26, 2024 at 10:20 pm
- Investing small amounts in the right cryptocurrencies can lead to life-changing returns. Recent surges in tokens like Shiba Inu and PEPE have transformed modest investments into substantial fortunes.