Shiba

Ethereum

Bitcoin

Terra

Time

<ul class="wp-block-list news-points">
 <li><strong>Bitcoin’s key support at $63,000 is under threat, signaling potential further decline.</strong></li>
 <li><strong>Ethereum’s break below $2,600 could trigger a bearish continuation toward $2,580.</strong></li>
 <li><strong>SHIB and DOGE remain under pressure, with critical support levels vulnerable to breaks.</strong></li>
</ul>
<p>The cryptocurrency market has started experiencing a downturn, with major coins like Bitcoin, Ethereum, Shiba Inu, Dogecoin, and Terra posting significant losses.</p>
<p>Traders and investors are left wondering if this presents a buying opportunity or if the market will continue its downward spiral. With Bitcoin losing value and altcoins like Ethereum and Dogecoin also falling, many are examining key support and resistance levels to gauge potential future price movements.</p>
<h2 class="wp-block-heading" id="h-bitcoin-struggles-to-hold-key-support-levels"><strong>Bitcoin Struggles to Hold Key Support Levels</strong></h2>
<p><a href="https://coinedition.com/pepe-wif-and-ada-break-out-despite-bitcoins-dip-below-65k/?utm_source=telegram_channel&amp;utm_medium=referral" rel="noopener noreferrer nofollow">Bitcoin </a>has seen its price drop to <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">$63,600.84</a>, representing a 3.51% decline over the past day. This continues the downward trend from $65,900, suggesting a bearish market sentiment.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-full"><img decoding="async" width="512" height="228" src="https://coinedition.com/wp-content/uploads/2024/10/unnamed-2024-10-01T115043.504.png" alt="" class="wp-image-507848" srcset="https://coinedition.com/wp-content/uploads/2024/10/unnamed-2024-10-01T115043.504.png 512w, https://coinedition.com/wp-content/uploads/2024/10/unnamed-2024-10-01T115043.504-300x134.png 300w, https://coinedition.com/wp-content/uploads/2024/10/unnamed-2024-10-01T115043.504-380x169.png 380w, https://coinedition.com/wp-content/uploads/2024/10/unnamed-2024-10-01T115043.504-159x71.png 159w, https://coinedition.com/wp-content/uploads/2024/10/unnamed-2024-10-01T115043.504-440x196.png 440w, https://coinedition.com/wp-content/uploads/2024/10/unnamed-2024-10-01T115043.504-414x184.png 414w, https://coinedition.com/wp-content/uploads/2024/10/unnamed-2024-10-01T115043.504-326x145.png 326w, https://coinedition.com/wp-content/uploads/2024/10/unnamed-2024-10-01T115043.504-377x168.png 377w, https://coinedition.com/wp-content/uploads/2024/10/unnamed-2024-10-01T115043.504-123x55.png 123w, https://coinedition.com/wp-content/uploads/2024/10/unnamed-2024-10-01T115043.504-129x57.png 129w" sizes="(max-width: 512px) 100vw, 512px">
  <figcaption class="wp-element-caption">
   Source: Coinmarketcap
  </figcaption>
 </figure>
</div>
<p>Moreover, the 24-hour volume surged by 127.72%, indicating intense trading activity, likely driven by large sell-offs. The current support level is $63,000, but if Bitcoin breaks below this …</p>
<p>The post <a href="https://coinedition.com/is-now-the-time-to-buy-crypto-market-faces-bearish-pressure-amid-turmoil/" rel="noopener noreferrer nofollow">Is Now the Time to Buy? Crypto Market Faces Bearish Pressure Amid Turmoil</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Is Now the Time to Buy? Crypto Market Faces Bearish Pressure Amid Turmoil

Table of Contents

Coin Edition

Other articles published on Oct 1, 2024

ETH struggles to hit 3k again as Cutoshi soars through first stage of presale

Japan’s new PM Shigeru Ishiba champions blockchain and NFT in policy document

US trading app Robinhood launches ‘crypto transfers’ in Europe

Ohio Crypto Bill Would Allow Citizens To Pay Taxes Using Bitcoin And Other Digital Assets

A U.S. Senator Introduces a Landmark Bill for Bitcoin and All Cryptocurrencies

Gemini to shut down Canadian accounts, users given 90-day ultimatum to withdraw funds

Join our free newsletter for daily crypto updates!