Crypto Market Analysis: 14th September 2021
Both bitcoin and ether are trading at lower levels after the flash crash of 7 September. Bitcoin saw the biggest fall in value following the collapse of Tuesday. Having traded close to $53,000 the cryptoasset plummeted to as low as $43,000 within 12 hours. The price of BTC has been trading in this range since and this morning sits around $44,700. Ether meanwhile saw a similar selloff, erasing the cryptoasset’s entire/total gains for September. ETH began a run around 1 September that saw it rise from trading levels of around $3,200 to just below $4,000. It is now however back trading around....
Related News
Shiba Inu has dumped 7% over the last 24 hours, and as a result has slipped down to being the 14th largest crypto by market cap. Shiba Inu Has Plunged Down Around 7% Over The Past Day After initially observing some decent bullish trend during the last couple of weeks, the past few days haven’t […]
Bitcoin has consolidated in a tight $1,000 range since the start of September, at least until recently. The leading crypto-asset is in the midst of a breakout that has brought it as high as $11,500. As of this article’s writing, Bitcoin trades for $11,350, around 5% above where it was yesterday. Crucial market cycle analysis suggests that the crypto market has room to grow from here. The analysis suggests that within the next three months, […]
Crypto markets were rocked on Friday as it emerged that China was implementing a full ban on cryptoasset trading inside the country. Despite it having announced the ban previously, markets reacted badly with big falls in BTC and other altcoins. BTC entered last week on a downward trend and had already hit a low of […]
The price of Dogecoin declined over the past week (21st-27th of January) from 70 to 61 satoshis at the time of writing of this article. By studying the 1 day Hitbtc DOGE/BTC charts from tradingview.com (look at the below chart), we can clearly see a bullish rally that pushed the price of Doge up to around 74 satoshis on the 14th and 15th of January; this coincided with the fall in the price of bitcoin which dropped to $162 on the 14th of January. Since last November, the price of Dogecoin seems to have been oscillating between 70 and 51 satoshis (look at the 2 pink trend lines on the below....
Significant events in the cryptocurrency sector occurred in September with regard to stablecoins. According to researcher CCData, one notable pattern was the stablecoin market capitalization’s 18th consecutive month of decline, which culminated in a new low of $124 billion, evoking memories of September 2021. For August 2021, that is the lowest amount. In December, the […]