Bitcoin (BTC) Falls Below $26,000 Again: Crypto Analysis Platform Shares Latest Data - COINTURK NEWS
reklamı kapat

Bitcoin (BTC) Falls Below $26,000 Again: Crypto Analysis Platform Shares Latest Data

10:25 am (14 days ago)
September 13, 2023

The leading cryptocurrency Bitcoin (BTC) has once again dropped below the $26,000 level with its morning losses. Santiment, a crypto analysis platform, evaluated the recent rise in BTC and shared updated data.

Crypto Analysis Platform Shares Updated Data

Although the leading cryptocurrency Bitcoin (BTC) fell back to the $26,000 level in the morning, it experienced a strong rise during the day. BTC rose to the $26,400 level within hours due to its value increase.

However, the leading cryptocurrency quickly dropped again below the $26,000 level. This decline in BTC caused many other cryptocurrencies to lose value as well.

Ethereum (ETH) also fell below the $1600 level and started trading at around $1585. The total market value of the crypto ecosystem, according to CoinMarketCap (CMC) data, fell back to $1.03 trillion.

Meanwhile, Santiment, a crypto analysis platform, shared updated data and highlighted the rise in critical metrics while the direction of Bitcoin remains uncertain. According to Santiment’s data, there has been a significant increase in Bitcoin’s address activity.

Critical Metric in Bitcoin Reaches Highest Level in the Past Month

Santiment, evaluating the recent rise of BTC above the $26,000 level, shared the rising critical metrics in the leading cryptocurrency Bitcoin while the direction remains uncertain. There has been a significant increase in the active address count in Bitcoin.

Since Thursday, Santiment stated that there have been 1.1 million addresses interacting with the Bitcoin network, which is the highest level seen in the past 5 months. In its statement, Santiment said:

“Bitcoin, maintaining its price dominance, reached levels of $26,500. There have been 1.1 million daily addresses interacting with the Bitcoin network since Thursday, which is the highest level in the past 5 months. Today, traders are making profits after the slight rise since yesterday.”

Disclaimer: The information in this article does not constitute investment advice. Investors should be aware of the high volatility and associated risks of cryptocurrencies and should conduct their own research for their transactions.

You can follow our news on Telegram, Facebook, Twitter & CoinMarketCap
Related Posts