Bitcoin Drops! Latest Situation in the Market – August 23, 2022

Crypto money markets started the week with small rises, the total volume of crypto money markets fell by 1.90 percent to $ 983 billion.
 Bitcoin Drops!  Latest Situation in the Market – August 23, 2022
READING NOW Bitcoin Drops! Latest Situation in the Market – August 23, 2022

Crypto money markets started the week with small rises, the total volume of crypto money markets fell by 1.90 percent to $ 983 billion. The reason for this can be shown as the increase in the dollar index. This causes a decrease in the cryptocurrency market volume. Let’s examine the price action in Bitcoin (BTC), Ethereum (ETH) and Solana (SOL). How many dollars in bitcoin? What is the latest situation in Bitcoin? At what level is the Ethereum price? What is the latest situation in Solana?

Bitcoin (BTC) Latest Status

Bitcoin started the day with a 1.54 percent drop. Bitcoin, which has received a reaction from the support of 20 thousand dollars in the past days, continues its course above the support zone. The fact that Bitcoin tried the support of 20 thousand dollars also caused a decrease in other assets in the market. Bitcoin is currently volatile above its critical support.

Bitcoin’s 4-hour chart

The next target for Bitcoin is the $22,000 level. Despite these voluminous movements we see in the market, it is very important for Bitcoin to hold on to 20 thousand dollars. Bitcoin is trading at $21,000 as of writing.

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Ethereum (ETH) Latest Status

When we look at the price action on the Ethereum (ETH) side, we see that ETH started the day with a decrease of 0.61%. Ethereum, like Bitcoin, started the day with a decrease in the price band where it was unstable. The price zone where Ethereum is currently located is the $1500 support. As can be seen in the graph, we can see that it received a reaction at this level. Ethereum will also draw a graph with the developments in the market and the direction of Bitcoin.

Ethereum’s 4-hour chart

While the support zone is working in Ethereum, we can say that the next target is again the level of $ 1800. As of writing, Ethereum is trading at $ 1,575.

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Solana (LEFT) Latest Situation

Solana, the 9th most popular coin in the market and seen by some as the biggest competitor of Ethereum, also started the day with a decline. SOL, which lost 2.79 percent, is currently trading at the support level. The crypto money market, which has volume outputs with the flow of money to the dollar in the markets, is being tested with decreases.

Solana’s 4-hour chart

Looking at Solana’s chart, it is trading just below the $35 support. If Solana falls further from here, we can see the $30 level, but if it rises, the next target will be the $40 band. As of writing, Solana is trading at $34.

Click for the instant price of Solana.

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