BTC Unable To Surpass $25,000 Due To Macroeconomic Conditions

News Aug 25, 2022 769

Bitcoin price as of late finished a two-month surge that brought about a price increment to more than $25,000; thus, investors are presently focusing on the cryptocurrency's next target.

BTC Unable To Surpass $25,000 Due To Macroeconomic Conditions

BTC Facing Renewed Challenge To Keep Price Above $20,000. Bitcoin price spikes to more than $25,000 following a two-month surge Bitcoin currently looking negative; battling to keep its price above $20,000 BTC is down 0.12%; as of now trading at $21,498.36

The live Bitcoin price today is $21,690.17 with a 24-hour trading volume of $32,009,425,709. Bitcoin is up 1.57% in the last 24 hours. The current CoinMarketCap ranking is #1, with a live market cap of $414,965,489,476 USD. It has a circulating supply of 19,131,500 BTC coins and a max. supply of 21,000,000 BTC coins.

Source : CoinMarketCap

BTC Price statistics 24h low is $21,362.44 and 24h high is $21,789.64 with 38.64% Market dominance as well Fully Diluted Market Cap is $455,493,572,327.77. BTC Yesterday's low is $21,195.01 and high is $21,783.08 and Bitcoin ROI is 15931.17% with a Circulating Supply of 19,131,500 BTC and a total supply is 19,131,500 BTC

Bitcoin (BTC), the leading cryptocurrency, is now displaying negative sentiment after first exhibiting bullish indicators. The flagship coin is now fighting once more to keep its price above $20,000.

Toward the finish of September 2022, the cryptocurrency community on CoinMarketCap conjectures that Bitcoin price will move by 36.75% from its ongoing worth, trading at a typical cost of $29,346.

Bitcoin was fundamentally down 10% over the earlier week. Bitcoin price balances out above $21,000 as a significant shift is soon to come.

Source : CoinMarketCap

The largest coin in the world has fallen underneath its 50-day moving normal, as per Stockton, which might be a sign of an approaching huge downfall.

Before, BTC tends to fall between - 14% and - 28% beneath the 200-MA. Truth be told, mid-June saw a - 21% reduction in BTC underneath the 200-week MA, which was in a state of harmony with verifiable information, he noted.

Since the cryptocurrency has lost energy, the investigator currently sees a higher gamble of a drawn-out slump. Stockton predicts that the biggest cryptocurrency price will before long settle.

Troublesome macroeconomic circumstances adversely affect the digital money industry this year, with Bitcoin right now exchanging at a value that is practically 69% beneath its untouched high.