|
|
The leading cryptocurrency Bitcoin (BTC) has surged rapidly and once again broken through the $26,000 price level. According to data from CoinMarketCap (CMC), with the increase in the value of Bitcoin, the cryptocurrency market has regained upward momentum, pushing the total market capitalization of the crypto ecosystem to $1.05 trillion.
Ethereum (ETH), with its recent increase in value, has approached the $1,650 level. According to CMC data, the total market capitalization of the cryptocurrency industry has also reached $1.05 trillion.
Bitcoin's rise has led to an increase in the value of various other cryptocurrencies. Additionally, according to Coinglass data, the cryptocurrency market has liquidated approximately $55 million worth of long and short positions.
Furthermore, JPMorgan is making significant moves in the blockchain industry. Bloomberg reported in its evening news that the banking giant JPMorgan is preparing to develop a blockchain-based token to expedite cross-border payments and is conducting research on this topic.
Analysts point out key levels
Cryptocurrency analyst Michael Van de Poppe emphasized critical price levels when assessing the current status of the leading cryptocurrency Bitcoin. The analyst highlighted that the $25,500 level is a crucial support area and stated that if BTC falls below these levels, the losses could deepen.
Furthermore, cryptocurrency analyst Michael Van de Poppe discussed possible bullish scenarios. He stated that if Bitcoin maintains its key levels in September, it could trigger a new upward trend in the cryptocurrency market in the coming months. |
|
Post time 11-9-2023 12:46:32