The Crisis in the Crypto Market Impacts Ethereum, Cardano, and Bitcoin

The crisis in the crypto market has strongly impacted the price of Ethereum (ETH), generating notable volatility in its price. Meanwhile, the price of Bitcoin (BTC) has experienced a drop of 0.47%, reflecting the tension currently being experienced in this sector.

Likewise, the downward pressure has had a strong impact on Cardano, whose value stands at $0.2496. This scenario reflects the instability that characterizes cryptocurrencies at the moment.

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Bearish pressure in the crypto market takes its toll on Cardano ($0.2496)

Cardano (ADA) is one of the most striking cryptocurrencies of today’s morning session, which does nothing but compile declines of up to 0.82%, dropping by about $0.0021. We compare very interesting levels of today’s session that continue in their falls from the high of about 0.253 dollars to the lows of just about $0.2491 in value. The prices that Cardano remains are those of the close of the last session of about $0.257.

Juan Rodriguez poses an interesting reflection on the price of Bitcoin and its possible reaction to the FOMC meeting and Powell’s statements. He suggests that the crypto market could look for a range of settlements between $28,000 and $29,000, especially for leveraged positions at 10X. It also raises the question about the likelihood of reaching the $25,000 to $23,000 range in the coming weeks. An intriguing scenario for cryptocurrency investors!

The crypto crisis also affects the price of Ethereum (ETH)

The price of Ethereum (ETHUSD) has disappointed investors who hold this cryptocurrency in their portfolio. Right now, Ethereum quotes are picking up losses of up to 0.27%, de-escalating by about $4.34 per Ethereum unit, losing from the high of about $1625.17 to lows of just shy of $16145. We find ourselves in the morning today with a picture that hovers around the quotes of the last session’s close.

Bitcoin’s price results are tough, dropping 0.47% (BTCUSD)

The price of Bitcoin has been letting appreciate a very hard failure with falls of 0.47%, reducing the chances of upside from the high of about $27,140 (USD), dropping below the session close values of about $27123.9.

Meanwhile, the minimum quotes for the Bitcoin (BTC) cryptocurrency see them at just about $26945 per Bitcoin unit. At all times Bitcoin quotes remain pressured below session closing values.

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First published in  FXMAG. A third-party contributor translated and adapted the articles from the originals. In case of discrepancy, the originals will prevail.

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