Crypto Blog
The past 24 hours saw substantial movements in Bitcoin and many altcoins. The price action resulted in a mixed performance, with some of the cryptocurrencies charting slight gains while others showed slight declines.Many analysts have touted the $58K price region as an important liquidity zone, and the cryptocurrency’s behavior around it is likely to determine its future direction.
Yesterday, the bears attempted to push BTC below that level and managed to get the price down to as low as $56,200 on certain exchanges.As seen in the chart above, the buyers were very quick to react and managed to stage a recovery, taking the price above the pivotal $58K, where it currently trades.This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:, around $1.
For example, both DOGE and SHIB – the largest representatives of the meme coin sector – are down by about 1.2%, while large-cap coins like XRP, SOL, and BNB managed to increase by about 0.5% following last night’s movements.a value of 27, which means the industry is currently in a state of “fear.” It’s a decline from yesterday’s value of 29 and a considerable crash from last week’s value of 48 when the market was in a more neutral state.
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