Monday, 22 July 2024
Trending
BitcoinCrypto

WIF Drops 22% and Bitcoin Drops to $65K

  • The price of Bitcoin is $65,543, slightly down 3% from the previous day’s trade.
  • Fantom (FTM), Bittensor (TAO), and Aptos (APT) have increased.
  • Dogwifhat (WIF), Bonk (BONK), NEAR Protocol (NEAR), Pepe (PEPE), and SATS (1000SATS) are losers.

A lot of speculation and analysis has been done on Bitcoin, the original cryptocurrency, because of its recent price fluctuations and market dynamics.

According to the most recent update, the price of Bitcoin is $65,543, slightly down 3% from the previous day’s trade. Investors and traders keep a careful eye on Bitcoin’s levels of support and resistance.

Bitcoin

Currently, Bitcoin is confronted with a strong resistance level at $68,000, which may open the door for additional upward movement towards the subsequent resistance level at $70,000. But if Bitcoin is unable to overcome this barrier, sellers may keep pushing, which might result in more consolidation or a decline in value.

However, Bitcoin has demonstrated strong support at $64,500, which has shown to be an essential barrier against downside pressure. A move below this support zone would indicate that the market is weakening, which might increase selling pressure and cause the price to drop toward the $62,000 support level.

Notable cryptocurrencies have recently seen substantial increases and decreases. Fantom (FTM) has increased by 7.22%, whereas Bittensor (TAO) has only slightly increased by 2.67%.

The price of Aptos (APT) has increased by 2.55%, indicating that traders and investors are actively involved. There has been a notable reduction of 21.98% in Dogwifhat (WIF), an 18.41% decrease in Bonk (BONK), a 17.48% decline in NEAR Protocol (NEAR), a 16.28% decrease in Pepe (PEPE), and a 15.49% loss in SATS (1000SATS).

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