Bitcoin

<ul><li>After a turbulent week triggered by Grayscale news, Bitcoin settles at $26,000, mirroring pre-news levels.</li><li>Analysts stress blending on-chain and technical analysis for deeper market insights amidst manipulation concerns.</li><li>Santiment&#39;s data-rich report combines on-chain and social metrics, guiding investors through an anticipated eventful September.</li></ul>In a week marked by significant fluctuations and mounting concerns over market manipulation, Bitcoin has retraced its steps, settling back at the $26,000 mark. The recent Grayscale news that initially boosted crypto markets triggered the cryptocurrency&#39;s roller-coaster ride. As September unfolds, investors are bracing themselves for a potentially wild month, guided by both on-chain and technical analysis insights.Ali, an astute analyst, emphasized the limitations of technical analysis and advocates for a comprehensive approach in understanding market manipulation:<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/fbb6492076f54c3088f88c6b99490774.png" />The cryptocurrency landscape was abuzz as Twitter witnessed a spirited conversation between Ali, a prominent analyst known for his expertise in technical analysis, and Santiment, a leading data provider. Ali asserted that a comprehensive approach, amalgamating on-chain and technical analysis, is essential for a profound understanding of the intricate dynamics of market manipulation. Santiment echoed this sentiment, releasing their monthly report that delves into both on-chain and social metrics. This move was undoubtedly a response to the whirlwind week that had just passed.Bitcoin&#39;s price action captured the spotlight. After Grayscale, a leading cryptocurrency investment firm, recently <a href="https://www.binance.com/en/feed/post/1059496#:~:text&#61;The%20Washington%2C%20D.C.%2C%20Circuit%20Court,such%20vehicles%20being%20thrown%20open." rel="noopener noreferrer nofollow">won </a>a lawsuit against the Securities and Exchange Commission (SEC), <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin </a>retraced its steps back to $26,000, mirroring the point it occupied before the news hit. This trajectory showcases the market&#39;s fragility in the face of external stimuli and the challenge of distinguishing between genuine market movements and orchestrated manipulation which refers to the deliberate and unethical act of artificially inflating or deflating the price of a financial asset.Read full article at<a href="https://cryptotale.org/btc-returns-to-26k-after-a-volatile-week-amidst-market-manipulation-concerns/" rel="noopener noreferrer nofollow"> CryptoTale.</a>

BTC Returns to $26K After a Volatile Week Amidst Market Manipulation Concerns

CryptoTale

1 Eyl 2023 tarihli diğer yazılar

Bitvo Slashes Withdrawal Fees by 50% in Summer Promotion

Digital Currency Group Reaches Agreement with Genesis Creditors for Potential Recovery

Veloce To Deploy Vext On Polygon - Evolving To Become The First Decentralised Global Sporting Gro...

WuBlockchain Weekly: Spot Bitcoin ETF Resolution Delayed, Grayscale Wins Against SEC, Binance May...

Bitwise Unexpectedly Withdraws Application For Bitcoin and Ether Strategy ETF

Will Mukesh Ambani Provide AI Service in India like Jio

Güncel kripto para haberleri için ücretsiz bültenimize abone olun!