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| Bitcoin Update - September report 2021 |
Bitcoin
It's the Last Day of the Month and this month was not so great for the Cryptocurrency market. Bitcoin dropped from almost 53k to 39.5k and It is consolidating between 40.7k to 43.5k area. We are unable to get any clear picture of the market at that time because the fear and greed index is at high fear with 20 points. China has banned all the crypto activity in the country including all the crypto exchanges and all the related websites to cryptocurrency i.e Coinmarketcap, coingecko, coinmarketcal and tradingview. Crpto ban news is not new thing from china and we have already hear this news many times in the past. Tomorrow the Weekly canlde will close as a big red candle and experts are expecting that the Octuber will be a Good Month for the crypto.
Etherium and Altcoins
As you know Etherium and other Altcoins also follows the BTC pattern. As BTC losses its value, the altcoins also does the same thing. Bitcoin dominance affects the altcoins very badly and in result the alcoins bleed very badly. ETH dropped to 2650$ after touching 4000$, similarly Cardano, the third largest cryptocurrency by Marketcap touches the 3$ mark and then dumped to 2$.
Crypto Market Cap
The Cryptocurrency market cap dropped from the peak of 2.341 Trillion Dollar resistance to the the support of 1.8 Trillioin Dollar. We can see retest of 2.5 Trillion Dollar in the coming month of octuber (Not a Financial Advice)
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Cryptocurrency
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