Price analysis 9/27: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, TON, DOT, MATIC By Cointelegraph
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(BTC) managed to stay above the $26,000 level even as the S&P 500 tumbled to a three-month low and the (DXY) rose to a new year-to-date high. This is a mildly positive sign as it shows a lack of aggressive selling at lower levels.
Bitcoin remains stuck inside a range and the directionless price action has kept the traders on the sidelines. Bitcoin’s daily spot exchange transactions topped 600,000 in March but dwindled down to 8,000-15,000 last week, according to new research from on-chain analytics platform CryptoQuant. Low liquidity could lead to volatile moves in either direction, hence traders should be careful and wait for confirmations rather than taking positions on every intraday breakout.
Continue Reading on Coin Telegraph
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© Reuters.
(BTC) managed to stay above the $26,000 level even as the S&P 500 tumbled to a three-month low and the (DXY) rose to a new year-to-date high. This is a mildly positive sign as it shows a lack of aggressive selling at lower levels.
Bitcoin remains stuck inside a range and the directionless price action has kept the traders on the sidelines. Bitcoin’s daily spot exchange transactions topped 600,000 in March but dwindled down to 8,000-15,000 last week, according to new research from on-chain analytics platform CryptoQuant. Low liquidity could lead to volatile moves in either direction, hence traders should be careful and wait for confirmations rather than taking positions on every intraday breakout.
Continue Reading on Coin Telegraph