Crypto Market Analysis: September 27, 2021
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 […]
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According to a new technical analysis, Bitcoin (BTC) and the broader crypto market could be mirroring historical post-halving cycle patterns. While the market has previously rallied through July and August, historical fractals point to a potential crash in September, followed by a push into a cycle peak later in the year. Related Reading: Trump Coin Jumps 10% On Canary Capital ETF Filing: Details September Proves Risky For Bitcoin And Crypto Market A recent X social media post by crypto analyst Benjamin Cowen has highlighted a recurring pattern in Bitcoin’s price action that could have....
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 […]
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, […]
Analysis firm Chainalysis has disclosed its 2021 Global Crypto Adoption Index part of a more detailed report to be released in September, it claims Bitcoin and cryptocurrencies are seen high levels of adoption. The Index follows a methodology that digs deeper, beyond metrics such as transaction volumes, to determine those territories embracing the digital crypto […]
Cryptoasset prices struggled to the end of September, failing to make gains for the majority of the month, or even hold ground in some cases. However, major cryptoassets rebounded over the weekend on the back of positive comments from the SEC’s Gary Gensler. Bitcoin had a strong week, despite falling to below $42,000 at the […]