{"id":157966,"date":"2023-08-23T08:21:56","date_gmt":"2023-08-23T08:21:56","guid":{"rendered":"https:\/\/businessyield.com\/?p=157966"},"modified":"2023-08-23T08:21:58","modified_gmt":"2023-08-23T08:21:58","slug":"bitcoin-recoupes-some-losses-ethereum-moves-higher","status":"publish","type":"post","link":"https:\/\/businessyield.com\/cryptocurrency\/bitcoin-recoupes-some-losses-ethereum-moves-higher\/","title":{"rendered":"Bitcoin Recoupes Some Losses; Ethereum Moves Higher","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"\n
Explore Bitcoin’s minor rebound above $26,000 after a 10% weekly loss, Ethereum’s cautious upward movement, and changing dynamics in the crypto market.<\/strong><\/p>\n\n\n\n After experiencing a dip of over 10% in the past week, Bitcoin showed signs of marginal stability, climbing just above the critical $26,000 support level. <\/p>\n\n\n\n Meanwhile, Ethereum, the second-largest cryptocurrency, witnessed a slight upward movement, though it remained below the $1,700 mark, still feeling the impact of last week’s losses. <\/p>\n\n\n\n The overall performance of the top 10 altcoins was varied, with XRP emerging as a notable gainer. This comes even as the U.S. Securities and Exchange Commission (SEC) takes steps to challenge a favorable court decision for Ripple Labs that had been issued in June. <\/p>\n\n\n\n Bitcoin experienced a little momentum of 0.28% in the past 24 hours, reaching $26,100. However, the cryptocurrency suffered a weekly loss of 11%. Last week, Bitcoin touched a two-month low at $25,409, yet it regained its position above the crucial support level of $26,000 during the weekend. <\/p>\n\n\n\n Since August 17, 2023, Bitcoin has been trading under tremendous pressure. However, despite the recent drop, BTC has shown a notable decline in price volatility. This signals a maturing market, and the price of Bitcoin might recover soon. <\/p>\n\n\n\nBitcoin’s Recent Performance<\/strong><\/span><\/h2>\n\n\n\n
What\u2019s the next move of BTC?<\/strong><\/span><\/h3>\n\n\n\n