Bitcoin finishes the week under $26,000, continuing to bleed out slowly. Altcoins are faring much worse, losing more than $65 billion in market cap over the previous 10 weeks.
A difficult financial outlook
The global financial scene is not a good one for crypto. Liquidity is being sucked out of markets generally, with the U.S. and its Federal Reserve being one of the major culprits. Even with the recent good news of court victories by crypto companies over the SEC, it seems that a loosening of monetary policy is what crypto needs the most right now.
Bitcoin
Bitcoin has followed a sideways trajectory since mid August in a pattern that looks rather like a heart monitor, with many blips up and down, and just one spike to the upside on the Grayscale news and then a fairly rapid retrace soon afterwards.
All in all, bitcoin at least does appear to be holding, although a next step down to the strong support at $24,300 could potentially be a subsequent move. The 50 week moving average also off
We współpracy z: https://cryptodaily.co.uk/2023/09/bitcoin-continues-slide-altcoins-worse
