Today, the cryptocurrency market faced challenges as Bitcoin plummeted to $53,485 on Binance, impacting altcoins adversely. An expert analyst critically analyzed this setback, identifying a probable support level for Bitcoin around $52,000. Despite oversold indications, the analyst warns of potential further price drops. It is crucial for investors to carefully observe Bitcoin's performance for positive indications like consolidation and divergence.
Analyst Predicts Bitcoin's Support Level - Insights

by Giorgi Kostiuk
2 years ago

Other news
Crypto Assets Experience Surge Amid AI Integration Discussions

Financial assets see increased activity as the industry focuses on developing AI-integrated mechanisms.

SBI Chairman Confirms Bank Adoption of XRP for International Payments

Yoshitaka Kitao, the Chairman of SBI Holdings, has confirmed that banks will start adopting XRP for international payments this year.

Trump Pressures Federal Reserve for Rate Cuts Amid Economic Concerns

Former President Donald Trump is pressuring the Federal Reserve to cut interest rates, arguing that high rates are hindering economic growth as inflation decreases.

Coinbase CEO Denies White House Conflict Over CLARITY Act

Brian Armstrong, CEO of Coinbase, denied claims of a conflict with the White House over the CLARITY Act, emphasizing constructive discussions while noting Coinbase's withdrawal from current bill drafts has delayed legislation.

Speculation on Solana's Nonnative Asset Listings Raises Questions

Recent speculation suggests potential listings of nonnative assets on Solana, but lacks official confirmation.

Nigerian SEC and NPF Collaborate to Combat Crypto Fraud

The SEC and NPF are joining forces to address the rising issue of cryptocurrency fraud in Nigeria.

Be the first to know about crypto news every day
Get crypto analysis, news and updates right to your inbox! Sign up here so you don’t miss a single newsletter