Bitcoin’s price performance continues in a sluggish fashion, with the asset failing to produce any significant moves in either direction.
Several alternative coins have dropped hard over the past day, with SOL leading the adverse charts.
BTC Boring Below $26K
September has not been the most exciting month in terms of price performance for BTC, at least for now. The asset started the month with a crash to an 11-week low of $25,350, which followed the surge past $28,000 after the Grayscale win.
Since then, bitcoin has only managed to regain about $500 and remained still for a week up until Thursday. At that point, the bulls took charge and pushed BTC north by several hundred dollars, which culminated in a weekly high of $26,400.
However, as has happened with all other recent price increases, this one was short-lived and the cryptocurrency lost all the momentum almost immediately. It has been stuck below $26,000 ever since, and the past 24 hours haven’t changed that.
Author: Jordan Lyanchev