Toncoin Price Slides 7%, But Bitcoin BSC Continues to Defy Bearish Market by Raising $4m

  • 📰 Crypto_Potato
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

The crypto market continues to display volatility in September, with Toncoin (TON) falling 7% in the past 24 hours. TON is now hovering around the $2.33

The crypto market continues to display volatility in September, with Toncoin falling 7% in the past 24 hours.

The coin’s performance has been made even more impressive, considering the broader crypto market has remained in a downtrend over this period. Additionally, broader weakness across the crypto market is likely weighing on sentiment around TON, with theFrom a technical perspective, TON’s price has rejected a key resistance zone around $2.60, which was also tapped in January and February of this year.

Toncoin’s value also appears to be affected by the Federal Reserve’s hawkish comments, which came after Fed Chair Jerome PowellPowell noted that the benchmark interest rate may be lifted once more this year to reach the 5.50%-5.75% range – a move that could have a negative impact on the crypto market as a whole.While Toncoin continues to face selling pressure, one emerging project is generating growing interest.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 568. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin Tapped 20-Day High, Toncoin Soars 30% Weekly (Market Watch)TON has been among the best performers lately, with its weekly gains exceeding 30%.
Source: Crypto_Potato - 🏆 568. / 51 Read more »