What is the Latest Situation in the Crypto Market? September 1, 2022

The total volume of cryptocurrency markets fell by 0.68 percent to $948 billion, below the psychological support of 1 trillion, according to TradingView data. Let’s take a look at the latest situation in the cryptocurrency market. Let’s examine the price movements in Bitcoin (BTC), Ethereum (ETH) and Solana (SOL). What is the latest situation in Bitcoin? At what level is the Ethereum price? What is the latest situation in Solana? What is the latest situation in the cryptocurrency market?

Bitcoin (BTC) Latest Status

Bitcoin started the day with a 0.68% drop. The leading cryptocurrency of the market, Bitcoin, quickly came back to this region after losing the support of $ 20 thousand. Bitcoin is currently volatile in its critical price zone. The statements of Fed Chairman Jerome Powell were effective in the decline of Bitcoin.

Bitcoin’s 4-hour chart

The $ 20 thousand level is very critical for Bitcoin and if Bitcoin holds here, the market will breathe a little. If we are going to see a drop from here, the bearish zone could be the $17,000 region. If there will be a rise, Bitcoin’s first stop may be the $23,000 band. As of writing, Bitcoin is trading at $ 19,000.

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Ethereum (ETH) Latest Status

When we examine the price movement on the Ethereum (ETH) side, we see that ETH started the day with a 0.55 percent decrease. Ethereum, like Bitcoin, welcomed the day with an increase in the price band where it was undecided. Ethereum, on the other hand, lost the support of $ 1500, but received a quick reaction from there. Today, we see that Ethereum is trading below the $1500 support. Ethereum is currently below the $1500 support.

Ethereum’s 4-hour chart

While the support zone is working in Ethereum, we can say that the next target is the $ 1700 level. If there is a decrease on the Ethereum side, we can say that our first stop is the $1400 band. As of writing, Ethereum is trading at $1,500.

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Solana (LEFT) Latest Situation

Solana, the 9th most popular coin in the market, started the day with a decrease of 1.46 percent. Solana continues on its way between support and resistance in its area. Solana is currently in the support zone. The closest resistance to Solana’s price zone is the $34 zone, while the closest resistance zone is the $30 zone.

Solana’s 4-hour chart

Solana (SOL) is trading at $30 at the time of writing.

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