BTC, ETH, ADA, BNB, XRP, SOL, DOT, DOGE, AVAX, LUNA


On September 24, there was news that the Chinese government was cracking down on the recovery of the crypto market Take a new set of measures These include strengthening inter-departmental coordination, “cutting off payment channels, disposing of related websites and mobile applications”, and effectively cracking down on illegal cryptocurrency transactions.

Although the news triggered a sell-off, long-term investors are unlikely to be upset because nothing else has changed except for the announcement of additional measures to effectively implement the existing ban.

Daily cryptocurrency market performance. source: Coin 360

China first announced the ban on cryptocurrency in September 2017, and the news also led to a sharp correction in Bitcoin (Bitcoin) Price.However, it turns out that this decline is a good buying opportunity because Prices recover in a few weeks And in less than three months, it reached a record high of close to 20,000 US dollars.

Is the current correction of Bitcoin and most major altcoins a good buying opportunity, or will the crypto market fall further? Let’s analyze the charts of the top 10 cryptocurrencies to find out.