Bitcoin ends worst day since September: price analysis

Bitcoin ended its worst day since September with prices falling over $ 10,000 in the past 24 hours, as we read more today on our latest Bitcoin news.

The last day was pretty tough for the entire crypto market and the bears prevailed. While it can be argued that this is just a correction so far and does no harm to the long-term structure of the market, it is safe to say that Bitcoin has ended its worst day since September controlling the market, which resulted in the worst daily candle Bitcoin had when the price fell from $ 52,000 to $ 42,000.

This time around, the damage wasn’t severe, however, but BTC opened at around $ 59,000 and closed below $ 54,000 on a losing chart, with analysts speculating that the reason for the decline appears to be due to liquidations. At one point the liquidation totaled over $ 300 million in an hour, so the market has definitely bounced back a bit and the price is now over $ 55,000 while its dominance is below 42%.

Although most of the altcoins are currently painted green on the 24-hour log, if we see the situation in a 30-hour period, the situation will be completely different. Etheruem’s price fell below $ 4,000 while Solana, BNB, and ADA all saw sharp drops. However, they have all been recovering since the dumping session and confidence appears to be returning to the market. At the time of writing, last day’s biggest winners are ENS with a 23% gain, CRO with a 14.6% gain, despite falling below $ 1 three days ago. Meanwhile, the discount codes BAT with 7.3% and OHM with 7.1% are lower.

As recently reported, the underlying Attention Token hit a new all-time high of 9.9% at press time, hitting $ 1.81 this morning. BAT is the native cryptocurrency for the privacy-oriented website browser Brave. Instead of tracking user behavior and showing ads, Courageous allows users to earn BAT tokens to volunteer to view ads. You can also block all ads, but you won’t get any rewards for doing so. The coin was launched in an initial coin offering in 2017 and grossed $ 35 million for the company.

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