BNB falls due to a second lawsuit at 3-month low, BTC falls below $ 26,000 (Market Watch)

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Von: Krypto News Österreich

Nach mehreren Wochen des Seitwärtshandels kam es bei Bitcoin schließlich zu einer volatilen Bewegung, die jedoch für die Bullen äußerst ungünstig war. Nach der jüngsten Klage der SEC gegen ein Kryptowährungsunternehmen liegen die Altcoins heute ebenfalls tief im Minus. Bitcoin fällt unter 26.000 US-Dollar Die primäre Kryptowährung bewegte sich in den letzten Wochen in einer engen Spanne bei rund 27.000 US-Dollar, mit nur geringfügigen Schwankungen oberhalb und unterhalb dieses Niveaus. Dies veranlasste mehrere On-Chain-Analysten zu der Warnung, dass es bald zu einer erhöhten Volatilität kommen könnte. Dies geschah gestern endlich. Bitcoin hatte einen weiteren Anstieg eingeleitet, der ihn auf 27.500 …
After several weeks of sideways trading, Bitcoin finally had a volatile movement, but it was extremely unfavorable for the bulls. After the recent complaint of the SEC against a cryptocurrency company, the old coins are also deep in the red. Bitcoin falls below $ 26,000 The primary cryptocurrency has moved in a close range of around $ 27,000 in the past few weeks, with only slight fluctuations above and below this level. This caused several on-chain analysts to warn that increased volatility could soon occur. This finally happened yesterday. Bitcoin had initiated another increase, which at 27,500 ... (Symbolbild/KNAT)

After several weeks of sideways trade, Bitcoin finally had a volatile movement, which was extremely unfavorable for the bulls.

After the recent complaint of the SEC against a cryptocurrency company, the old coins are also deep in the minus.

Bitcoin falls below $ 26,000

The primary cryptocurrency has moved in a close range of around $ 27,000 in the past few weeks, with only slight fluctuations above and below this level. This caused several on-chain analysts to warn that there could soon be increased volatility.

This finally happened yesterday. Bitcoin had initiated another increase that drove him to $ 27,500, but the unsuccessful attempt reduced him to $ 27,000. Since the situation resembled the scenario from May and early June, everything changed after the US stock exchange supervisory authority announced a lawsuit against Binance.

As the largest cryptocurrency exchange, the development led to immediate price declines for BTC and the entire market. Bitcoin crashed by over $ 1,500 and fell on the lowest price since mid-March.

The increased volatility led to liquidations worth around $ 300 million, most of them from long positions. Although BTC has recovered by a few hundred dollars since its multi -month low, it is still over 4 % in the minus that day.

Its market capitalization fell below $ 500 billion, but its dominance compared to the Alts is 45.8 % on the same stand as yesterday.

Btcusd. TradingView BTCUSD. Tradingview

BNB it hit the worst

As is usually the case, when massive fluctuations reach BTC, the old coins follow this example, and the last 24 hours are no different. Ethereum fell by a little more than 3 %, but is still just over $ 1,800. The rest of the large cap alternatives are in a much worse situation.

Binance Coin, perhaps expectant, has dropped the most - 8 % in the day comparison. As a result, BNB has fallen to the lowest price for almost three months.

ripplecardano, Dogecoin, Solana, Polygon, Litecoin, Avalanche and Shiba Inu have all declined by about 5-7 %.

Several mid-cap alternatives such as APT, ICP, Fil, Near and Algo fell by up to 10 % in one day.

The overall capitalization of the crypto market at times disappeared over $ 50 billion and is now less than $ 1.1 trillion.

Overview of the cryptocurrency market. Quantify crypto Overview of the cryptocurrency market. Quantify crypto