As of today, Bitcoin value stands at $26,236.00 USD, with a trading volume of $10,285,440,540 USD over the past 24 hours. It currently holds the top spot on CoinMarketCap, with a market cap of $511,506,603,323 USD. The number of BTC coins in circulation is 19,496,362, with the maximum supply set at 21,000,000 BTC coins.
The price of Bitcoin is facing difficulties in overcoming the resistance level of $26,500. If the cryptocurrency fails to maintain its support level at $26,000, it may witness a further decline in the coming days.
- Currently, Bitcoin is trading below the 100 hourly Simple Moving Average and the resistance level of $27,500.
- On the hourly chart of the BTC/USD pair, a bearish trend line is forming with resistance near $26,420, as per the data feed from Kraken. To avoid further decline,
- Bitcoin needs to close above the resistance level of $26,500.
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If Bitcoin, as an open, global settlement layer, captures just 1% of SWIFT volumes, coupled with minimal tx fees (a few bps), miner revenues match today's entire block subsidy. 🌟🔐
— Daniel Roberts (@danroberts0101) September 21, 2023
The price volatility of BTC persists, hindering its ability to overcome obstacles
I apologize, but I’m unclear on what you mean by “daft head rg”. Could you please provide additional context or information so that I can better understand your inquiry? In regards to Bitcoin, recent developments have caused its price to face some challenges.
🚨 September FOMC Result 🌐
Today´s FOMC Result is unchanged, so we are still sitting at 5.50% Interest Rates.
— BlackSwan DAO (@DAOblackswan) September 20, 2023
It has fallen below the $26,800 level and has even breached the $26,500 and $26,200 support levels, placing it in a negative zone. While it did experience a minor recovery, the bears are currently hindering a breakthrough above the $26,500 resistance.
Bitcoin is presently trading below $26,500 and the 100-hourly Simple Moving Average, with significant resistance levels emerging at $26,400 and $26,420. The next major resistance point could be at the $26,500.
Investors are once again experiencing losses as Bitcoin takes a significant dip in value
The value of Bitcoin has once again declined, resulting in losses for investors. It’s uncertain if there will be additional losses in the future. The current dip has caused the value of Bitcoin to drop to $25,000.