• 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

Bitlight Surges on Bitcoin DeFi Narrative

chest

Bitlight experienced a significant price surge of 155% in 24 hours and 347% over the week, driven by renewed interest in Bitcoin DeFi and new exchange listings.

user avatarMaya Lundqvist

River Extends Rally on Airdrops and TVL Growth

chest

River's valuation increased significantly due to a dynamic airdrop model and growth in total value locked.

user avatarKaterina Papadopoulou

Digitap Surges 219% in Presale, Attracting Investor Attention

chest

Digitap has gained significant attention in the crypto market, with its presale performance resulting in a 219% increase for early buyers.

user avatarLeo van der Veen

Ripple Faces Challenges but Influencer Predicts 8x Price Increase

chest

Despite recent challenges, influencer Javon Marks predicts Ripple's price could increase to $15, representing an 8x pump from its current value.

user avatarLi Weicheng

Tron Price Prediction for 2026 Shows Strong Potential

chest

Tron is expected to see significant price growth by 2026, driven by increased network adoption and active user engagement.

user avatarAisha Farooq

Hedera Faces Tightening Bearish Structure as Selling Pressure Builds

chest

Hedera is experiencing a narrowing price range with unresolved downside risk, indicating persistent selling pressure.

user avatarTenzin Dorje

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.