Bitcoin

Coin

<ul class="news-points"> 
 <li>BTC’s price fell below the crucial $26K mark over the past 24 hours.</li> 
 <li>Santiment warns that BTC’s price may continue to drop in the coming few days as whale activity continues.</li> 
 <li>BTC could rebound back above the $28,295.38 level if it is able to break above the 200-day EMA line.</li> 
</ul> 
The price of the market leader <a href="https://coinedition.com/tag/bitcoin-btc-news/" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a> fell below $26K over the past 24 hours, according to CoinMarketCap. During this period, the cryptocurrency’s price had fallen to a low of $25,409.11. This was after BTC had reached a 24-hour high of $28,655.50. 
The leading cryptocurrency was able to recover somewhat to trade above $26K at press time. Nevertheless, BTC’s price was still down 7.44% for the day. Although the total cryptocurrency market cap plummeted 6.74% throughout the past day of trading, BTC’s was slightly outperformed by the altcoin market, as its dominance slipped 0.41%. 
Following the market-wide selloff, the blockchain intelligence firm Santiment warned that the dust may be far from settled and BTC’s price may continue to drop in the coming few days. According to the firm, whale transaction activity soared to a monthly high today. The post added that the activ… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/btc-may-drop-below-26k-as-whale-activity-continues-report/">BTC May Drop Below $26K as Whale Activity Continues: Report</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

BTC May Drop Below $26K as Whale Activity Continues: Report

Coin Edition

Other articles published on Aug 18, 2023

OpenSea to deactivate its royalty enforcement system

VZ Stock Price Prediction: Will Verizon Communications Break the $32 Level?

Optimism & Monero: Good, but VC Spectra’s Presale’s Great!

Binance CEO Changpeng Zhao Says Futures Trading Off Limits For Employees

Republican Lawmakers Intensify Scrutiny Over SEC’s Crypto Approval Process

Ripple Vs SEC : Pro-XRP Lawyer Discusses Potential Outcome of SEC’s Appeal

Join our free newsletter for daily crypto updates!