Global #Bitcoin (BTC)

As Bitcoin (BTC) and Ripple (XRP) break through key resistance levels, both cryptocurrencies are eyeing potential upward rallies. Meanwhile, Ethereum (ETH) is showing signs of recovery as it approaches a critical resistance point, suggesting that a significant price movement could be on the horizon.

In the past 24 hours, the cryptocurrency market has experienced a notable downturn, with the total market capitalization falling by 2.36%, from $2.11 trillion to $2.05 trillion.

Bitcoin (BTC) is trading at $57,500, reflecting a 1.5% drop in the past day and nearly a 10% decrease over the past week. Despite holding a market cap of $1.1 trillion and commanding a 54% market dominance, the largest cryptocurrency is experiencing significant volatility.

The cryptocurrency market has witnessed a curious shift in recent days. While Bitcoin (BTC) experienced a slight price decline, the total open interest on exchanges has dropped significantly.

On August 16, 2024, the Bank of Ghana (BoG) unveiled a set of draft guidelines aimed at regulating digital assets, including prominent cryptocurrencies like Bitcoin (BTC) and Tether (USDT). This move follows a comprehensive internal review and reflects the central bank's response to the growing interest and risks associated with the crypto market in Ghana.

The global digital assets market is experiencing significant turbulence as Bitcoin (BTC) ends its recent gaining streak, facing substantial volatility and downward pressure.