- Bitcoin’s price remains above $26,000 amid market fluctuations and upcoming events.
- SEC Chair Gary Gensler to testify before House Committee on September 27.
- Ripple celebrates partial SEC lawsuit victory with NYC event on September 29.
Despite the recent fluctuations in the market, Bitcoin’s
Gary Gensler, the Chair of the SEC, is scheduled to appear before the House Financial Services Committee on September 27, 2023. It should be noted that there have been historical differences between this committee and Gensler, particularly about cryptocurrency regulations.
Furthermore, Ripple plans to host “The Proper Party” in New York City on September 29, 2023. This event is in celebration of a partial victory in the SEC lawsuit, which brings about greater legal clarity. This development could influence investor sentiment, resulting in a rise in the price of XRP
Bears Maintain Their Dominance
BTC is currently valued at $26,130, experiencing a 1.70% decrease in the last 24 hours, according to CMC data. Despite this, BTC’s trading volume has significantly increased by 68.82%. The price has recently breached the crucial support level of $26,390. Should the price fall below the $25,600 support, it will probably test the $25,000 support level.
Conversely, should the bulls push the price beyond the resistance level of $26,390, the price will probably challenge the $27,450 resistance level. The prevailing market sentiment is negative, with most major altcoins experiencing a downturn. The crucial events occurring this week are expected to impact price fluctuations in either direction substantially.
Disclaimer: The insights, perspectives, and data presented in this price analysis are published in good faith. Readers must conduct their own research due diligence. Any decision made by the reader is solely their responsibility, and Crypto Outlooks shall not be held responsible for any consequential or incidental harm or loss.
