Bitcoin (BTC) is still having a hard time. Yesterday the price fell sharply, and bitcoin is having a hard time finding its way back up. Bitcoin is at a slightly lower price than yesterday, with most altcoins following this path. In this morning update we update you on the current state of the market and look ahead to what’s to come today.
Bitcoin’s sideways price action
Bitcoin took a sharp dive overnight yesterday and then fell further in the morning to a low of around $64,500, which was reached around 3:30 PM. Since then, the price has moved sideways, mostly around $65,000.
A few times the $66,000 was briefly exceeded. Last night, bitcoin also climbed higher, so it is now above this price level.
If bitcoin manages to rise further, the next resistance level will be just above $67,000.
However, the key price zone is around $69,000. This level will have to be transformed into support in order to look forward to new record prices. If Bitcoin corrects further, the next stop that could potentially provide support is at $64,000. The area around $60,000 is crucial to keep an eye on.
At the time of writing, the BTC price on crypto exchange Bybit powered by SATOS is equal to $66,004. On the Dutch crypto exchange Bitvavo, the BTC price in euros amounts to 61,409. Compared to 24 hours ago, BTC is down 0.48%.
Crypto top 10 narrowly falls, but Solana rises
As mentioned, most crypto coins are currently facing a decline. However, there are no major losers to note. Within the top 10 largest crypto coins, there is no coin that has lost more than 2% in the past 24 hours.
For example, ethereum (ETH) fell by 1.63%, ripple (XRP) by 1.88%, dogecoin (DOGE) by 1.71% and cardano (ADA) by 1.19%.
Solana (SOL) has actually increased in value during this time frame. The solana price has undergone an increase of 2.59%.
Bitcoin Today: Key US Dates
Today brings several important economic updates from the United States, including:
- ADP non-farm employment change (2:15 p.m.)
- Services Purchasing Managers Index (PMI) (3:45 PM)
- ISM non-manufacturing industry index (4 p.m.)
- Crude Oil Stocks (4:30 PM)
- Speech by Fed Chairman Jerome Powell (6:10 PM)
10 euros of free crypto of your choice
Ready to dive deep into cryptocurrency and are you thinking about getting your hands on Bitcoin or another cryptocurrency? In collaboration with Bitvavo, the largest cryptocurrency exchange in the Netherlands, we have a special deal for our readers.
Register with Bitvavo today via the button below and receive 10 euros of crypto of your choice as a gift. Plus, you also benefit from zero trading costs on your first 10,000 euros in transactions. This is your chance to start investing in the world of crypto at no extra cost.
Get 10 euros for free
Post Views: 2,244
