|
|
On September 17th, over the past 24 hours, the cryptocurrency market has remained relatively stable, with Bitcoin unable to make significant moves throughout the period. However, this might also be seen as a stepping stone and preparation for attempting the $270,000 mark. With a few exceptions, most altcoins have maintained stability. Let's delve deeper into this.
Is Bitcoin Preparing for a Surge to $270,000?
Bitcoin's price has failed to generate any substantial impact over the past 24 hours and has largely remained around yesterday's trading price, approximately $26,500. In other words, according to the co-founder of Glassnode, $27,000 appears to be the next resistance level that needs to be overcome, and if the cryptocurrency manages to reach $27,400, it might trigger some selling pressure due to profit-taking around $28,200 and beyond that level. Overall, he seems to believe that the current upward trajectory of Bitcoin's price will ultimately lead to a retest of the coveted $300,000 level.
Altcoins Holding Steady, TON Continues to Rise
Altcoins have also failed to take any significant action over the past 24 hours, which might be expected as weekend markets tend to slow down. Ethereum, XRP, SOL, TRX, ADA, DOGE, BNB, and many other leading cryptocurrencies have seen minimal changes in either direction, all below 1%, as indicated in the heatmap below. One notable exception is TON, which continues to surge, rising by another 24% in the past 12 hours. This cryptocurrency has been one of the top-performing cryptocurrencies in the past week, with nearly a 40% increase. Axie Infinity's AXS token is the worst-performing token today, falling by approximately 6.4%, followed by Kaspa's KAS, which is down by 5.5%.
Binance Exclusive: Get $100 free—use this link to register and receive $100 free for your first month of Binance Futures and a 10% discount (terms apply).
PrimeXBT Special Offer: Use this link to register and enter code CRYPTOPOTATO50 to get up to $7,000 on your deposit. |
|
Post time 22-9-2023 06:55:52