The Latest Situation of Bitcoin and Altcoins

The king of cryptocurrencies tested $30,000 again in the early hours of today, but the bulls defended the critical zone. Amidst a busy agenda, uncertainty surrounding Bitcoin continues. Although altcoins have been negatively affected by the recent price fluctuations, altcoins that have survived the heavy selling pressure are relatively maintaining their gains. Bitcoin (BTC) Current Status BTC, which dropped to $30,064 early in the morning, had surpassed $30,300 at the time of writing. As we have previously emphasized, closing below the support area of $30,400 can lead to deeper lows. With the Fed meeting just around the corner, bulls are struggling to keep the buying excitement alive in this region. Furthermore, the ongoing profit-taking is preventing the king of cryptos from reaching higher peaks. The remaining 15 days of this month will shape Bitcoin’s performance in August. If the Fed bypasses the interest rate hike and adopts a more moderate […] The post The Latest Situation of Bitcoin and Altcoins appeared first on COINTURK NEWS.