Ethereum and Bitcoin Fall! 16 September 2022 Market Analysis - Coinleaks
Current Date:November 7, 2024

Ethereum and Bitcoin Fall! 16 September 2022 Market Analysis

Total market cap of cryptocurrency markets CoinGecko According to the data, it decreased by 3.2 percent to 1 trillion dollars. Let’s take a look at the latest situation in the cryptocurrency market together. bitcoin(BTC), Ethereum(ETH) and CardanoLet’s examine the price movements in (ADA) together. bitcoinand Ethereumwhat level? CardanoWhat’s the latest situation in ?

Bitcoin (BTC) Latest Status

Bitcoin has dropped 2.8 percent in the last 24 hours, according to CoinGecko data. The market’s leading cryptocurrency bitcoin With the decline, it fell below the 20 thousand level. The whole market was affected by this fall of Bitcoin. This decline caused Bitcoin to lose the levels it rose to in its last rally. Thus, Bitcoin fell back to $ 19,000.

Bitcoin’s 4-hour chart

bitcoin It is very important that ‘s hold on to 20 thousand dollars again. If we’re going to see a drop from here, the next stop could be the $17,000 region. If there will be a rise, the first stop of Bitcoin will be to hold on to the 20 thousand dollar band. bitcoinAt the time of writing, it is trading at $19,000.

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Ethereum (ETH) Latest Status

Successfully completed Ethereum Merge. The Mainnet network transition, which took place on September 15, at 9.43 am Turkey time, has passed without any problems. While the market expected this to reflect positively on the Ethereum price in the coming days, Ethereum recorded a decline. In this context EthereumWhen we examine the price action on the (ETH) side, ETHWe see that according to CoinGecko data, it has experienced a 10 percent decrease in the last 24 hours.

Ethereum’s 4-hour chart

In Ethereum, we can say that the next target is the $1,500 level again. If there is a decrease on the Ethereum side, our first stop could be the $1,400 band. As of the time of writing EthereumIt is trading at $1,470.

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Cardano (ADA) Latest Status

The 8th most popular coin in the cryptocurrency market. Cardano also rose, influenced by the volume entry into the market. Although Cardano, whose Vasil Hard Fork is expected, has delayed this update more than once, Cardano founder Charles HoskinsonAfter the statements of , users continue to wait.

Cardano’s 4-hour chart

Cardano has dropped 2.4 in the last 24 hours. The critical areas in Cardano are the $0.48 resistance and the 0.43 support. Cardano is trading at $0.46 at the time of writing.

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