{"id":54145,"date":"2023-08-28T21:08:49","date_gmt":"2023-08-29T01:08:49","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/bitcoin-falls-below-26000-here-are-the-next-price-levels-to-watch\/"},"modified":"2023-08-28T21:08:53","modified_gmt":"2023-08-29T01:08:53","slug":"bitcoin-falls-below-26000-here-are-the-next-price-levels-to-watch","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=54145","title":{"rendered":"Bitcoin Falls Below $26,000. Here Are the Next Price Levels to Watch.\u00a0"},"content":{"rendered":"
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\n Bitcoin
\n and other cryptocurrencies were dropping Monday. Crypto traders looked to still be cautious after Federal Reserve Chairman Jerome Powell\u2019s speech at the Jackson Hole symposium on Friday kept the door open to future interest-rate increases.\u00a0<\/p>\n

\n Bitcoin
\n was trading at $25,922 on Monday, having fallen 0.5% over the last 24 hours. The largest cryptocurrency was giving up gains made over the weekend that had kept the price largely above $26,000 after choppy trading in the immediate aftermath of Powell\u2019s speech, which left markets unsure whether the Fed\u2019s interest-rate hiking cycle was over or not. <\/p>\n

\n

Bitcoin has been hovering around $26,000 since a selloff earlier this month ended its lull and sent prices briefly below $25,500.\u00a0<\/p>\n

\u201cThe area to watch now is $25,000. If that level holds \u2026\u00a0 the target is to recover $27,000 first and then $28,500 is a key zone. If that succeeds, then it\u2019s straight to $31,000. On the contrary, breaking $25,000 opens the way to $23,800 first and then $21,500 later,\u201d\u00a0 said Javier Molina, market analyst at eToro.\u00a0<\/p>\n

Beyond Bitcoin, other cryptocurrencies largely were falling.
\n Ether
\n \u2014the second-largest crypto\u2014was down 0.9% to $1,634. Smaller cryptos, or altcoins, also were in the red, with
\n Cardano
\n falling 1.7% and
\n Solana
\n dropping 1.8%.
\n Dogecoin
\n was down 1.7%.<\/p>\n

Write to Adam Clark at adam.clark@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin and other cryptocurrencies were dropping Monday. Crypto traders looked to still be cautious after Federal Reserve Chairman Jerome Powell\u2019s speech at the Jackson Hole symposium on Friday kept the door open to future interest-rate increases.\u00a0 Bitcoin was trading at $25,922 on Monday, having fallen 0.5% over the last 24 hours. The largest cryptocurrency was […]<\/p>\n","protected":false},"author":1,"featured_media":39940,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-54145","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nBitcoin Falls Below $26,000. Here Are the Next Price Levels to Watch.\u00a0 | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Bitcoin and other cryptocurrencies were dropping Monday. 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