BItcoin [BTC] crashes down to $20k- Is it right time to go short

Bitcoin [BTC] took yet another enormous hit after the disappointing inflation news that was released on 13 September. The brutal Consumer Price Index (CPI) report eventually led to a nearly 10% crash for BTC on the price charts. According to the latest data, BTC was trading at $20,300 after losing key support(s) overnight. In a […]

took yet another enormous hit after the disappointing inflation news that was released on 13 September. The brutal Consumer Price Index report eventually led to a nearly 10% crash for BTC on the price charts.

, data analytics platform Santiment stated that Bitcoin fell alongside S&P500’s biggest drop in two years.cryptoAnother major indictor of growing FUD was seen in the Market Value Realized Value ratio. In the following GlassnodeIt is expected to slide further as conditions will continue to worsen before any uptick. The latest drop simply means that short-term traders are holding more losses in their Bitcoin holdings.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CryptoAmb /  🏆 22. in CA

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Polkadot [DOT] outperforms BTC, ADA, SOL, TRX in this categoryPolkadot has outpaced a lot of its competitors when it comes to its development activities. Several system activities such as parachain lease auction besides new statemint upgrade have played a prominent role. In the chart below, it can be clearly seen that DOT, after July, has done better than Bitcoin, Cardano, Solana, and Tron. This […]
Read more »

Bitcoin reaches this key milestone for the first time since MarchBitcoin [BTC] has made major moves on the price chart after breaking through the $22,000 resistance on the daily chart. As of 12 September, the crypto king breached this zone and has been holding it steadily. This is also the first time that Bitcoin broke past $22k in three weeks. Meanwhile, Bitcoin’s ratio of transactions […]
Read more »

What Bitcoin Cash [BCH] investors should be prepared for this monthRegistering an 8% price uptick in the last seven days, Bitcoin Cash’s [BCH] significant positive correlation with Bitcoin [BTC] might have been the factor responsible for the asset’s failure to log double-digit gains in the last week. The price of the king coin itself grew by just 10% within the same period. According to data […]
Read more »

Bitcoin halving 2023 and everything latest you need to knowBitcoin has come into the limelight again. This, after it registered promising gains over the last week. Its price increased by more than 12%. In the midst of the hype surrounding the next bull run, an intriguing piece of information about Bitcoin halving surfaced. The fourth BTC halving, which was initially scheduled to happen in […]
Read more »

Are Bitcoin short-term holders responsible for current market downturnBitcoin’s [BTC] decline to the $18,500 price region marked the second-lowest low of the bear cycle. As per Glassnode‘s latest report, 11.8% of the coin’s supply has been turned into an unrealized loss. Furthermore, in the last week, the price per BTC rallied from the second lowest low of the current bear market ($18,649) to […]
Read more »

$0.063 and $0.061 can be used to buy Dogecoin with stop-loss at…Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Bitcoin [BTC] was able to find good demand in the $18.6k zone and quickly surged past the $22k mark. In the next few days, $22.6k and the $24k mark could be tested as well. Such […]
Read more »