Bitcoin Dropped Below 19K! 7 September 2022 Market Analysis - Coinleaks
Current Date:September 21, 2024

Bitcoin Dropped Below 19K! 7 September 2022 Market Analysis

The total volume of cryptocurrency markets fell 4.9 percent to $908 billion, according to TradingView data. Let’s take a look at the latest situation in the cryptocurrency market. bitcoin(BTC), Ethereum(ETH) and cardanoLet’s examine the price movements in (ADA) together. bitcoinhow many dollars in EthereumWhat level is the price? cardanoWhat’s the latest situation in ?

Bitcoin (BTC) Latest Status

Although Bitcoin started the day with a rise of 0.03 percent, yesterday it showed a serious drop of 5.15 percent. The market’s leading cryptocurrency bitcoin With the sudden drop yesterday, it started to trade below the 19 thousand level. The entire market was affected by this fall of Bitcoin, and some had double-digit drops.

Bitcoin’s 4-hour chart

bitcoin The level of 20 thousand dollars is quite critical. It will be important to hold onto $20,000 again. If we are going to see a drop from here, if it goes down further, the next stop could be the $17,000 region. If there will be a rise, the first stop of Bitcoin may be the band of 19-20 thousand dollars. bitcoinAs of the time of writing, it is trading at 18 thousand dollars.

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Ethereum (ETH) Latest Status

EthereumWhen we examine the price action on the (ETH) side, ETH We see that ‘ started the day with a decrease of 2.58%. Ethereum, like Bitcoin, made a serious decrease of 3.63 in yesterday’s closing. Ethereum‘Fame yesterday’s Bellatrix The update was declared successful. If there is no problem in the network and the market in the coming days, we can expect this historical event to reflect positively on the price. After losing the $1500 support, Ethereum quickly recovered and reclaimed the $1500 support.

Ethereum’s 4-hour chart

While the support zone is working in Ethereum, we can say that the next target is the $ 1700 level. If there is a decrease on the Ethereum side, we can say that our first stop is the $1500 band. As of the time of writing EthereumIt is trading at the $1,500 level.

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Cardano (ADA) Latest Status

The 8th most popular coin in the cryptocurrency market. cardano was also affected by the serious decline in the market. Although Cardano, whose Vasil Hard Fork is expected, has delayed this update more than once, Cardano founder Charles HoskinsonWith his statements, he informed the users about the latest situation and stated that he did not want any more delays.

Cardano’s 4-hour chart

The critical areas in Cardano are the $0.48 resistance and the 0.43 support. Cardano dropped 7.45 percent yesterday with Bitcoin falling. Cardano is trading at $0.46 at the time of writing.

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