Cryptocurrency Prices today, Charts And Market Capitalizations |Ty gia Coin logo Cryptocurrency Prices today, Charts And Market Capitalizations |Ty gia Coin logo
TipRanks 2022-08-25 21:13:25

This Week in Crypto: Bearish Price Action Prevails

Bitcoin Consolidates Above $21,500 Following last week’s downtrend, bitcoin (BTC-USD) has slipped further below key support levels over the past seven sessions. The flagship cryptocurrency is currently trading just above the $21,500 mark. Following the steep drop below support sitting at $23,500 on August 18, performance has since flattened for bitcoin, with the cryptocurrency largely trending within a horizontal price range in the time since. With BTC now down by nearly 70% from its November 2021 all-time high, investors are eagerly awaiting the next announcement from U.S. Federal Reserve officials attending the annual conference in Jackson Hole.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.