Crypto News Today (September 21, 2024): Is This Why Bitcoin Price Dropped Today?
The post Crypto News Today (September 21, 2024): Is This Why Bitcoin Price Dropped Today? appeared first on Coinpedia Fintech News
Cryptocurrency News Today: The cryptocurrency market seems to be losing steam as the market cap drops 0.97% to $2.19T. This, however, did not affect the fear and greed index, which is at a neutral score of 50. Talking about cryptocurrency prices, Bitcoin has been holding the $63K mark, and ETH has its $2.5K mark.
Bitcoin Price Today: Will BTC Price Drop Again?
BTC price is currently at $63,004.14 with a negative intraday change of 1.24%. The trading volumes in the previous day also saw a retracement of ~30%. The recent drop could be related to the MVRV ratio testing the 90-day moving average, which has historically been a negative sign. A close above it would call the bulls in again.
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