• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Bitcoin Hits $55,000 Despite Decreasing Exchange Activity

user avatar

by Giorgi Kostiuk

a year ago

  1. Bitcoin Price Increase
  2. Exchange Trading Activity
  3. Technical Indicators


    4. Bitcoin has once again reached the psychological $55,000 mark amid declining exchange activity. The cryptocurrency is up 0.9% over the past 24 hours, despite recent fluctuations and bearish market sentiment.

    Bitcoin Price Increase

    At the time of writing, Bitcoin is trading at $55,000. Earlier, on September 8, the cryptocurrency briefly dropped to an intraday low of $53,650, which was due to bearish market sentiment.

    Exchange Trading Activity

    Bitcoin's daily trading volume increased by 33%, reaching $22 billion. According to data from Santiment, 68,470 BTC flowed into exchanges on September 7, before plunging below the $54,000 mark. Over the past two days, the asset's inflows have decreased by 68%, currently sitting at 21,742 BTC. Similarly, the number of Bitcoins leaving exchanges has also dropped by 65%, from 65,847 to 22,802 BTC.

    Technical Indicators

    Despite the rise above the $55,000 mark, Bitcoin's Relative Strength Index (RSI) remains at 35. This indicator shows that the cryptocurrency is still oversold, which could be due to the market-wide selloff.

    Despite the current surge, the Bitcoin market remains volatile, and analysts continue to monitor changes in exchange activity and technical indicators.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

New Privacy-Focused AI Tools Launched

chest

Several new AI tools have been launched that prioritize user privacy and data security.

user avatarMaya Lundqvist

Companies Opting Users into AI Training Without Consent

chest

LinkedIn and Google have been found to opt users into AI training without explicit consent, raising ethical concerns.

user avatarLi Weicheng

Massive Data Leak from Misconfigured Chatbot Database

chest

A security researcher discovered 300 million messages from 25 million users in a publicly accessible database due to a misconfigured backend.

user avatarLeo van der Veen

Institutional Adoption Could Propel XRP Price to $8

chest

Institutional adoption is seen as a key factor that could drive XRP's price to $8, especially after the SEC lawsuit settlement.

user avatarAisha Farooq

Settlement of SEC vs Ripple Lawsuit Boosts XRP Investor Sentiment

chest

The settlement of the SEC lawsuit against Ripple in 2025 has led to increased investor confidence and a rise in XRP's price.

user avatarTenzin Dorje

Trump Media Technology Group Reports Significant Financial Losses

chest

Trump Media Technology Group reports a net loss of over $700 million due to volatility in digital assets.

user avatarBayarjavkhlan Ganbaatar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.