Bitcoin 1D

13 thg 6, 2023

Against the backdrop of lawsuits against Binance and Coinbase, as well as the attention of the regulator to altcoins, the altcoin market made a strong drawdown. What can not be said about the first cryptocurrency. On the contrary, the dominance of Bitcoin has a total advantage and remains fairly stable, continuing to fill the empty liquidity zone in the $25,000-$30,000 range. We observed a similar situation at the beginning of the year, when there were problems with the FTX crypto exchange. But the market quickly recovered and showed a pretty good growth. And although Binance and Coinbase are larger players in the market, in my opinion the situation is still stabilizing. After that, the cryptocurrency market can go up with even greater force. And in this situation, Bitcoin can reach a new local maximum, breaking the mark of $32,000. Moreover, we see that the stock markets behave quite stably and this drawdown concerns only the crypto industry.