1:12 PM ยท 24 March 2023

Bitcoin falls below $28,000. Cryptocurrencies in correction ๐Ÿ“‰

The largest cryptocurrency has fallen below $28,000 on a wave of general risk asset aversion on exchanges and news from the Binance exchange. Ethereum and smaller projects are also losing ground. The downward movement accelerated after the largest cryptocurrency exchange announced that it had temporarily halted spot cryptocurrency trading on the platform, for as yet unexplained technical reasons.

Bitcoin, H1 interval. The price has failed to overcome the $28 800 level and has formed a bearish double peak formation. The potential scope of the correction may stop at the SMA200 (red line) or at the level of the 23.6 Fibonacci retracement of the upward wave initiated on 10 March, i.e. at the level of  $26 700, which also coincides with the decline after the Fed decision. A potential retracement deeper could foreshadow that sellers would want to test the 38.2 Fibo retracement at $24,000. Source: xStation 5Ethereum, H1 interval. In the event of a deepening correction on Ethereum, key support is located in the region of  $1710 -$1694. Source: xStation5

4 September 2026, 11:47 AM

Bitcoin above $80k ahead to the US NFP report

1 September 2026, 6:54 PM

Daily Summary: Summer Is Over. Markets Shift Into Risk-Off Mode

28 August 2026, 5:34 PM

Bitcoin and US indices decline amid Fed rate hike fears ๐Ÿ“‰

28 August 2026, 6:53 AM

Morning Wrap: Markets freeze before Jackson Hole. Bitcoin back below 80K USD (28.08.2026)

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissรฃo de Valores Mobiliรกrios (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits