@BOMBERuss 26 September 2021 more from that month

What happened on the cryptocurrency market during the week of September 20-26? Bitcoin (BTC) The outgoing week turned out to be unsuccessful for the bitcoin (BTC) exchange rate. The main cryptocurrency of the world failed to develop the recovery of the previous week and again sank into the red zone. At the very beginning of the week, the BTC exchange rate fell sharply, forming a large bearish candle on September 20 and breaking through the support area of $44,000. For the next week, the market was busy flirting with the $40,000 area. The price then tried to gain a foothold over this area, then briefly looked under it, but then bounced back. The last such drawdown in the area of $40,000 with a subsequent rebound was observed as recently as today. At the time of writing, the BTC exchange rate was trading, according to the analytical resource CoinMarketCap, around $43,330, with an intra-weekly decrease of 9%. In light of such price fluctuations, analysts at Santiment recently warned that the current market is unfavorable for uncertain investors, many of whom began to get rid of the cryptocurrency when bitcoin fell to the level of $43,000. However, other industry experts believe that the current BTC levels are acceptable for whales, and they will start to get nervous only if the exchange rate weakens to $37,000. Meanwhile, BeInCrypto technical analysts believe that the on-chain indicator of the network value of transactions (NVT) indicates a healthy growth of the BTC network, and the Stock-to-Flow (STF) model indicates the undervaluation of bitcoin. Ethereum (ETH) Meanwhile, the exchange rate of the native coin of the Ethereum blockchain (ETH) has restored correlation with BTC after some divergence of the previous week and is also trading in the red intra-weekly zone. During this week, the bears broke through the round $3,000 mark several times, but the price recovered above this level each time. This is exactly the recovery that is observed at the time of writing. The ETH exchange rate is currently trading around $3,030, having sank by 9.6% over the past seven days. What else happened this week? In general, according to the results of the outgoing week, the coins included in the top 10 largest cryptocurrencies by market capitalization, overwhelmingly showed bearish dynamics. The exceptions were the USD Coin (USDC) and Tether (USDT) stablecoins, which fluctuate around the zero mark. Meanwhile, the main losers among the top ten currencies were Binance Coin (BNB) and Solana( SOL), which lost 15.5+%each in 7 days. Recall that SOL previously confidently broke into the top 10 largest cryptocurrencies by market capitalization, but now it is being adjusted after a rally to historical highs. #CryptoTrading