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Crypto News Today & Latest Updates on the Crypto Market - Page 66


Discover on FxPro News the crypto news today. Our team of experts provides top technical analysis and expert insights on major cryptocurrencies such as Bitcoin, Ethereum, DogeCoin and XRP. Our posts cover the price trends, while providing specific information.

Bitcoin’s decline is oversold, but it’s too early to talk about a new rally
Bitcoin’s decline is oversold, but it’s too early to talk about a new rally.

Bitcoin has rebounded 5% in the past 24 hours, trading at $20,800. Ethereum has recovered 6.4% to $1130 in the same time frame. Leading altcoins in the top 10 are adding from a modest 3.5% (XRP) to an impressive 15%.

Institutions pulled down Bitcoin and Ether; retail bought back altcoins
Institutions pulled down Bitcoin and Ether; retail bought back altcoins.

The crypto market has set several historic lows in recent days, demonstrating the fragility and naivety of its historical patterns. In a 37% drop, Bitcoin closed below its 200-week moving average for the first time. Not only did we not.

Bitcoin will test historical patterns
Bitcoin will test historical patterns.

Bitcoin was down 4.9% on Thursday, ending around $20.7K and trading near $20.8K at the start of the day on Friday. Ethereum lost 6.4% in the last 24 hours, returning to the $1100 area. Altcoins in the top 10 fell.

Bitcoin bounced up from $20K, but lack of reasons for a rally
Bitcoin bounced up from $20K, but lack of reasons for a rally.

Bitcoin was down 0.7% on Wednesday, ending it near $21.8K, although it was a hair away from $20K in the first half of the day. Ethereum gained 5% in the past 24 hours, losing 35% in 7 days. Altcoins from.

Bitcoin’s continued collapse and furnace of fire for the crypto periphery
Bitcoin’s continued collapse and furnace of fire for the crypto periphery.

Bitcoin was down 5.7% on Tuesday, ending the day at around $22K. The decline picked up on Wednesday morning, taking another 3.3% off the price to $21K, declining for the eighth consecutive day and losing 30% in seven days. Ethereum.

Bitcoin and Ether reached two of three bears’ targets
Bitcoin and Ether reached two of three bears’ targets.

Bitcoin collapsed 15.1% on Monday, ending the day around $23,200 and slipped another 10% on Tuesday morning on inertia before finding support from buyers after touching $20,800. Ethereum has lost 7.8% in the past 24 hours and more than 30%.

Bitcoin is unlikely to gain support before falling to $20K
Bitcoin is unlikely to gain support before falling to $20K.

Bitcoin is losing for the seventh consecutive day, at one point on Monday morning, falling below $25K. The loss in seven days of selling is approaching 18%, bringing the rate to its lowest since December 2020. Ethereum has lost 28%.

Loss of correlation with stocks will pave the way for crypto to portfolios
Loss of correlation with stocks will pave the way for crypto to portfolios.

Bitcoin was down 0.3% on Thursday, continuing to hover around $30K. This mild decline was a bonus of last month’s loss of correlation between the cryptocurrency and stock markets. Ethereum lost 0.4%, settling near $1800. Other top-10 altcoins showed mixed.

Cryptocurrency’s lingering lull
Cryptocurrency’s lingering lull.

Bitcoin was down 3.7% on Wednesday, ending the day near the $30.2K level, which it remains near on Thursday morning. The overall subdued sentiment towards cryptocurrencies coincided with a pullback in stock indices. However, the dynamics of the previous days.

Bitcoin swings in a tight cage
Bitcoin swings in a tight cage.

Bitcoin continues its wild swings between $29-31.5K. By the end of the day on Tuesday, it had moved sharply back to the upper end of the range, but Wednesday began with a new dip, temporarily falling below 30K. Overall, bitcoin.

Bitcoin is unlikely to bottom so early and high
Bitcoin is unlikely to bottom so early and high.

Bitcoin rose 4.9% on Monday, ending at around $31.5K. However, on Tuesday morning, the first cryptocurrency collapsed 7% to $29.5K, the second such bear attack in the past seven days. Both were of similar magnitude, but the latter should have.

A bounce, but hardly the start of a rise in the crypto market
A bounce, but hardly the start of a rise in the crypto market.

Bitcoin rose 2.4% to $30.5K in the past 24 hours. Ethereum added 0.2% to $1820. Ether was unexpectedly among the laggards. Altcoins from the top 10 rose from 1.5% (BNB) to 4.1% (Solana). Total crypto market capitalisation, according to CoinMarketCap,.

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