CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • DeFi & NFT
  • Buy
  • Language
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • DeFi & NFT News
  • Bitcoin Price Analysis
  • CryptoPotato Crypto Fund
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • bitcoin
    BTC$23,066.00
  • ethereum
    ETH$1,584.76
    • Market Updates
    • BTC Analysis
    • ETH Analysis
    • XRP Analysis
    • Interviews
    • Opinions
    CryptoPotato
    CryptoPotato
    • Crypto News
    • Margin Trading
    • Guides
      • Bitcoin & Crypto Guides 101
      • Bitcoin For Beginners
      • Editorials
    • DeFi & NFT
    • Buy
    • Language
    • Crypto News
    • Bitcoin For Beginners
    • Cryptocurrency Guides 101
    • Editorials
    • Bitcoin & Crypto Margin Trading
    • DeFi & NFT News
    • Bitcoin Price Analysis
    • CryptoPotato Crypto Fund
    • Ethereum (ETH) Price Analysis
    • Ripple (XRP) Price Analysis
    • Market Updates
    • Interviews
    • Buy Bitcoin with Card
    Home » Market Updates » Is The Correction Over? Bitcoin Struggles To Maintain The $10,000

    Is The Correction Over? Bitcoin Struggles To Maintain The $10,000

    Author: Jordan Lyanchev

    Last Updated Sep 7, 2020 @ 06:07

    Bitcoin remains in the five-digit territory. Binance announced a farming platform, that affected the native cryptocurrency’s price, and BNB rises by nearly 20%.

    Bitcoin has reduced its high volatility as of late and remains above $10,000. The rest of the market shows recovery signs, including Chainlink, which is back in the top 5, and SushiSwap’s triple-digit price surge has returned SUSHI in the top 100.

    Bitcoin Stays Above $10K

    After a few consecutive days of massive price fluctuations, in which BTC lost $2,000 of its value, the past 24 hours were relatively calm. Bitcoin bounced off $10,000 again but since then pumped to the intraday high of $10,350.

    However, the bears didn’t allow further increases and drove it back down to its current level of $10,150.

    Looking ahead, the psychological line at $10,000 remains as the first critical support. If broken, Bitcoin could soon test $9,800, $9,600, and even dump to $9,400 and $9,100.

    If $10,000 indeed supports BTC, the primary cryptocurrency could reverse the adverse trend that started last week and head towards the previous 2020 high at $10,500. Should Bitcoin reclaim it, the next resistance levels lie at $10,800 and $11,000.

    Alicia Bakery
    CMO - A really good agency

    Did you like this market update?
    This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:

    Invalid email address
    Your privacy is guranteed.
    Thanks for subscribing, you will get your first report in the next hours!
    ADVERTISEMENT
    BTCUSD. Source: TradingView
    BTCUSD. Source: TradingView

    Alts Rise, Chainlink Back To Top 5, Sushi In Top 100

    The rest of the market displays green after losing up to $80 billion of total market cap in less than a week. Ethereum, which bottomed at $310, has increased by nearly 6%, and ETH is trading at $345.

    Chainlink is among the most impressive gainers from the top 10 after a 20% surge. LINK’s price at over $12 and market cap above $4.3 billion have taken the asset back to the top 5, surpassing Bitcoin Cash.

    Polkadot gains 15% to $4.5, while Binance Coin is up by 17% to $22. BNB has reacted to news from the leading cryptocurrency exchange, which announced its own farming platform, dubbed Binance Launchpool. According to the statement, it will go live on September 9th, and it will allow users to receive new token rewards in return for staking BNB, BUSD, and other coins.

    Cryptocurrency Market Overview. Source: coin360.com
    Cryptocurrency Market Overview. Source: coin360.com

    The most impressive gainer is SushiSwap’s governance token – SUSHI. Following controversial developments that included the lead developer selling all his coins and transferring control over the protocol to FTX’s CEO, the asset is up by 110% in the past 24 hours. SUSHI’s price of $2.80 has firmly positioned it in the top 100 coins, after dropping out yesterday.

    UMA (35%), Ocean Protocol (33%), Band Protocol (30%), Blockstack (25%), NEM (22%), Ren (20%), Serum (20%), NXM (20%), Ampleforth (19%), and Armweave (17%) are also some of the double-digit gainers.

    The crypto market cap has increased by $13 billion from yesterday’s low of $313 billion.

    SPECIAL OFFER (Sponsored)
    Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

    PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.


    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

    Cryptocurrency charts by TradingView.

    You Might Also Like:

    • prediction
      Analysis: Bitcoin Price Can Reach $90,000 By Mid 2021
    • filb2
      $14,000 By End of 2020 a Reasonable Target for Bitcoin's Price: Filb Filb in Exclusive Trader's Digest
    • bitcoin_price_cover
      Bitcoin Price to Hit $100,000 in 2025: Bloomberg Market Analyst
    Tags: Binance Binance Coin (BNB) Price Bitcoin (BTC) Price Ethereum (ETH) Price
    Enjoy reading? Share with your friends
    Facebook Twitter LinkedIn Telegram

    About The Author

    Jordan Lyanchev
    More posts by this author

    Jordan got into crypto in 2016 by trading and investing. He began writing about blockchain technology in 2017. He has managed numerous crypto-related projects and is passionate about all things blockchain. Contact Jordan: LinkedIn

  • bitcoin
    BTC$23,066.00
  • ethereum
    ETH$1,584.76
  • Join Our Community

    FacebookTwitter YouTubeTelegram


    Editorials
    How Long Will the Ethereum LSD Narrative Last? Talking 2023 Trends with Nansen’s Martin Lee

    How Long Will the Ethereum LSD Narrative Last? Talking 2023 Trends with Nansen’s Martin Lee

    Everything That’s Going on With Pi Network: From Start to Latest Controversial Listing

    Everything That’s Going on With Pi Network: From Start to Latest Controversial Listing

    What is Ethereum Liquid Staking and Why It Is Crucial As Shanghai Upgrade Approaches?

    What is Ethereum Liquid Staking and Why It Is Crucial As Shanghai Upgrade Approaches?

    The Lesson in Alameda-FTX About Government Regulation and Crypto (Opinion)

    The Lesson in Alameda-FTX About Government Regulation and Crypto (Opinion)

    5 Bullish and 2 Bearish Cases for DeFi Going Into 2023 (Opinion)

    5 Bullish and 2 Bearish Cases for DeFi Going Into 2023 (Opinion)

    From Google and Microsoft to Binance: Interview with Head of Product Mayur Kamat

    From Google and Microsoft to Binance: Interview with Head of Product Mayur Kamat

    13 Biggest Crypto Scandals and Controversial Stories of 2022

    13 Biggest Crypto Scandals and Controversial Stories of 2022

    Footer Logo
    About
    Advertise on CryptoPotato
    About Us | Contact Us | Careers
    Editorial Policy
    Terms of service | Privacy Policy | GDPR
    More Sections
    IEO List | Evaluations
    Airdrops
    Scholarship
    Disclaimer
    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. Full disclaimer
    © Copyright CryptoPotato 2016 - 2021
    Scroll to top