Cryptocurrency

Price analysis 9/24: BTC, ETH, ADA, BNB, XRP, SOL, DOT, DOGE, AVAX, LUNA

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muhammadyusufz

Nigeria


  • 27th, September 2021 (2 months ago)
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The crypto market’s recovery was rocked on Sept. 24 after news that China's government is adopting a new set of measures that includes stronger inter-departmental coordination to “cut off payment channels, dispose of relevant websites and mobile applications” to crack down on illegal cryptocurrency transactions efficiently.

 

Although the news has caused a selloff, long-term investors are unlikely to be perturbed because, apart from announcing additional measures to enforce the existing ban effectively, there is nothing else that has changed.China first announced a ban on cryptocurrencies back in September 2017 and that news had also resulted in a sharp correction in Bitcoin (BTC) price. However, that dip proved to be a good buying opportunity because the price recovered within a few weeks and went on to hit a new all-time high close to $20,000 in less than three month

 

Is the current correction in Bitcoin and most major altcoins a good buying opportunity or could the crypto markets tumble further? Let’s analyze the charts of the top-10 cryptocurrencies to find outs.d.


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