While Bitcoin (BTC) is on the decline with the emergence of Kraken news, what about the price level and market conditions on the BTC side?
U.S. Securities and Exchange Commission ( SEC)’of to the Kraken exchangehas given punishmentpost, BTC dropped in price . Yesterday evening, the SEC launched an investigation against Kraken for its moves in the staking protocol. Kraken, one of the major exchanges, pleaded guilty and paid a $30 million penalty to the SEC. In the flow of these news, a strong decline was observed in the cryptocurrency market.
Bitcoin (BTC) Chart Analysis
Breaking price support levels 21,800 withdrawn to the dollar level. Incoming daily closing 22.000because it is below the dollar 21,630There was an instant decrease in the dollar level. BTC, currently acting as intermediate support 21,630 continues above the dollar level. If this support is broken 21,255It may drop down to the dollar level. 22,360when the dollar level is exceeded, respectively 22,566– 22,744A rise to the dollar level can be seen.
Bitcoin Dominance, What is the Latest Situation for Altcoins?
BTC, in dominance after the drop in price 43.34has made the level of support. Altcoinsin the name of riseto talk , 43.34level will need to be broken down. BTC dominance, 43.40exceeding the level 43.60if it reaches the level drop in the price of altcoinsobservable.
Market Value Analysis for Bitcoin
Due to the problems between the SEC and the Kraken exchange BTC price and market value decreased. As a result of this event, investors turned to sales. in the market when buyers can’t afford the price supports were broken. in the last weeks market valuei increasing BTC, your price 24200It has been depreciating gradually since it could not exceed the dollar level. 417billionadopted the dollar market value as the support level BTC, market valuein the bullish scenario 430billionexceeding the market value in dollars 439 billiondollar market value can be expected.
The current BTC price is as follows;
Bitcoin (BTC)
