The cryptocurrency market turned red again; over the past 24 hours, Bitcoin has dropped in price by more than $1,300. On August 14, starting at 12:00 UTC, BTC began to fall sharply from $10,800 to $9,500, then the price went up, now BTC is trading slightly above the $10,000 mark.
However, it is worth noting that the resistance line of $9,500 worked pretty well. The fall was also accompanied by a significant increase in total trading volume, increasing to $13.5 billion over a 24-hour period, as investors and traders were quick to close their positions.
Altcoins followed their “big brother” and lost 8-12 percent in the last 24 hours. In addition, the total capitalization of the cryptocurrency market has decreased by $20 billion over the past day.