It’s been a difficult 24 hours for Bitcoin and Ethereum investors, with both cryptocurrencies experiencing corrections.
BTC’s price has fallen below the 20-day and 50-day Exponential Moving Averages during this bearish period after briefly breaching them earlier in September. The primary catalyst for this bearish wave is the US Federal Reserve’s hawkish statements last week, which hinted that the high-interest-rate environment is here to stay.
With the presale’s hard cap set at $6 million, early backers have snapped up almost 83% of the BTCBSC tokens allocated.