Bitcoin fights over $ 27,000, injective (inj) crashes by 12 % daily: market observation

Bitcoin fights over $ 27,000, injective (inj) crashes by 12 % daily: market observation

At the weekend, the broader correction continued on the cryptocurrency market, and most projects failed to stage any kind of relaxation.

The price of Bitcoin sinks towards $ 27,000 and is easily traded above at the time of writing this article. The last 24 hours did not make the old coins any relief, with most of them continuing their demise. Let's dive.

Bitcoin price fights for $ 27,000

The beginning of the new week Bitcoin helped in his attempt to relax. In fact, the price continues and it looks as if $ 27,000 is the next level that will achieve cryptocurrency.

btcusd_2023-24_1-38-21 Tradingview

It is worth noting that BTC tried to reclaim $ 28,000, but was abruptly stopped at around $ 27.8,000, where the bears took over full control. Since then, every hourly candle has been red.

Last week BTC lost the greatest value in five months. It is about 10 % lower than seven days ago.

old coins continue to suffer

The Altcoin market has not recovered in the last 24 hours. Ethereum tends towards $ 1.8,000, which corresponds to a decline of 2.1 % throughout the day, similar to the majority of the large olds measured by the overall market capitalization.

As can be seen in the heat map below, it doesn't look very pretty.

Crypto_Heatmap_2404231 Krypto quantify

Injective Protocol (inJ) is the worst performer of the past 24 hours and lost over 12 %during this period. The cryptocurrency has now fallen by over 30 % in the past seven days alone. Arbitrum's Arb, which also lost around 10 % today, is right behind.

At the other end of the spectrum there are Kaspa (KAS) and Bitget Token (BGB), both of whom have risen by over 6 % in the last 24 hours. But everything is red.

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