Bitcoin is going through a downturn, mirroring the stock market decline.
Yesterday, Bitcoin saw a sharp decline, dragging the price to a local bottom around $65,260.
However, shortly after, the bulls returned, pushing the price back above the $67,000 mark.
Cryptocurrency analyst Rekt Capital wrote in an October 23 post on X that to confirm a breakout, Bitcoin price needs to close the week above $66,400.
BTC Price Chart – 4 Hours | Source: TradingView
Altcoin market was mixed yesterday.
On the upside, Jupiter (JUP), Popcat (POPCAT), Internet Computer (ICP), Raydium (RAY), Solana (SOL), Dogwifhat (WIF), Mog Coin (MOG), Pyth Network (PYTH), Uniswap (UNI), Sui (SUI)… are projects with outstanding performance, increasing from 3-9%.
On the other hand, ApeCoin (APE) continued to plunge more than 10% after a strong growth momentum earlier. However, on the weekly time frame, APE is still recording a profit of up to 60%.
Other major projects such as Beam (BEAM), Gala (GALA), Aptos (APT), Axie Infinity (AXS), Starknet (STRK), Conflux (CFX), Chainlink (LINK), Maker (MKR), Flare (FLR), Cardano (ADA), Notcoin (NOT), Brett (BRETT)… lost 3-6% of their value.
Source: Coin360
Ethereum (ETH) is on fire for the third consecutive day as it plunges below $2,500.
However, after hitting a local bottom at $2,450, the bulls stepped in to pull the price back to around $2,550 at the moment.
ETH Price Chart – 1 Day | Source: TradingView
#BinanceTurns7 #write2win #Write&Earn #btc #bnb $GALA $APT $AXS