Notice: Function _load_textdomain_just_in_time was called <strong>incorrectly</strong>. Translation loading for the <code>joli-table-of-contents</code> domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the <code>init</code> action or later. Please see <a href="https://developer.wordpress.org/advanced-administration/debug/debug-wordpress/">Debugging in WordPress</a> for more information. (This message was added in version 6.7.0.) in /var/www/html/news/wp-includes/functions.php on line 6114

Notice: Function _load_textdomain_just_in_time was called <strong>incorrectly</strong>. Translation loading for the <code>rank-math</code> domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the <code>init</code> action or later. Please see <a href="https://developer.wordpress.org/advanced-administration/debug/debug-wordpress/">Debugging in WordPress</a> for more information. (This message was added in version 6.7.0.) in /var/www/html/news/wp-includes/functions.php on line 6114

Notice: Function _load_textdomain_just_in_time was called <strong>incorrectly</strong>. Translation loading for the <code>rank-math-pro</code> domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the <code>init</code> action or later. Please see <a href="https://developer.wordpress.org/advanced-administration/debug/debug-wordpress/">Debugging in WordPress</a> for more information. (This message was added in version 6.7.0.) in /var/www/html/news/wp-includes/functions.php on line 6114

Warning: Cannot modify header information - headers already sent by (output started at /var/www/html/news/wp-includes/functions.php:6114) in /var/www/html/news/wp-includes/rest-api/class-wp-rest-server.php on line 1893
{"id":5607,"date":"2023-09-28T13:30:23","date_gmt":"2023-09-28T13:30:23","guid":{"rendered":"https:\/\/lunu.io\/news\/?p=5607"},"modified":"2023-09-28T13:30:24","modified_gmt":"2023-09-28T13:30:24","slug":"bitcoins-27k-challenge-what-stopped-its-momentum","status":"publish","type":"post","link":"https:\/\/lunu.io\/news\/bitcoins-27k-challenge-what-stopped-its-momentum\/","title":{"rendered":"Bitcoin&#8217;s $27K Challenge: What Stopped Its Momentum?"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Bitcoin&#8217;s Recent Moves<\/h2>\n\n\n\n<p>Bitcoin, the world&#8217;s most renowned cryptocurrency, recently made an attempt to breach the $27,000 mark. This move came after a week of achieving local peaks around $27,500. However, the momentum was short-lived, and the cryptocurrency faced a decline of over $1,000 last Thursday. This dip was influenced by the US Federal Reserve&#8217;s recent FOMC meeting concerning interest rates. Over the subsequent days, Bitcoin&#8217;s price remained relatively stable, hovering around the $26,600 mark. However, a slight drop on Monday saw it dip below $26,000, a price not seen in the past two weeks. Despite this, the bulls intervened, pushing Bitcoin&#8217;s price northward, albeit modestly. A significant surge was observed yesterday evening, with Bitcoin reaching $26,800. As the crypto community anticipated a move towards $27,000, the asset faced a downward push, currently trading close to $26,500.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"485\" src=\"https:\/\/lunu.io\/news\/wp-content\/uploads\/2023\/09\/image-41-1024x485.png\" alt=\"\" class=\"wp-image-5608\" srcset=\"https:\/\/lunu.io\/news\/wp-content\/uploads\/2023\/09\/image-41-1024x485.png 1024w, https:\/\/lunu.io\/news\/wp-content\/uploads\/2023\/09\/image-41-300x142.png 300w, https:\/\/lunu.io\/news\/wp-content\/uploads\/2023\/09\/image-41-768x364.png 768w, https:\/\/lunu.io\/news\/wp-content\/uploads\/2023\/09\/image-41.png 1149w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Altcoins Making Headlines<\/h2>\n\n\n\n<p>While Bitcoin&#8217;s movements have been the center of attention, several altcoins have showcased impressive performance. MakerDAO&#8217;s native token, MKR, has been on a consistent rise, with a 7.5% increase in the last 24 hours, trading well above $1,500. Chainlink (LINK) has also made significant strides, surging by 5.5% and trading close to $8. However, the most notable performer has been Bitcoin Cash, which witnessed a 10% daily increase, trading at $235. Other major cryptocurrencies like ETH, BNB, XRP, DOGE, ADA, DOT, and MATIC have also seen green, though their gains are less than 1%. The total crypto market cap has added several billion overnight, now standing above $1.050 trillion.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"457\" src=\"https:\/\/lunu.io\/news\/wp-content\/uploads\/2023\/09\/image-42-1024x457.png\" alt=\"\" class=\"wp-image-5620\" srcset=\"https:\/\/lunu.io\/news\/wp-content\/uploads\/2023\/09\/image-42-1024x457.png 1024w, https:\/\/lunu.io\/news\/wp-content\/uploads\/2023\/09\/image-42-300x134.png 300w, https:\/\/lunu.io\/news\/wp-content\/uploads\/2023\/09\/image-42-768x343.png 768w, https:\/\/lunu.io\/news\/wp-content\/uploads\/2023\/09\/image-42.png 1149w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">A Personal Take on the Market Dynamics<\/h2>\n\n\n\n<p>From my point of view, the crypto market remains as unpredictable as ever. Bitcoin&#8217;s attempt at $27,000 and its subsequent decline highlights the volatile nature of the market. While the influence of external factors, such as the US Federal Reserve&#8217;s decisions, cannot be ignored, the market&#8217;s inherent unpredictability plays a significant role. On the brighter side, the rise of altcoins like MKR, LINK, and Bitcoin Cash showcases the diverse opportunities the crypto market offers. However, as I see it, while these altcoins are performing well, it&#8217;s essential to approach them with caution. Their smaller market caps compared to Bitcoin make them more susceptible to drastic price swings. In conclusion, while the crypto market offers lucrative opportunities, it&#8217;s crucial to stay informed and make well-researched investment decisions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin&#8217;s Recent Moves Bitcoin, the world&#8217;s most renowned cryptocurrency, recently made an attempt to breach the $27,000 mark. This move came after a week of achieving local peaks around $27,500. However, the momentum was short-lived, and the cryptocurrency faced a decline of over $1,000 last Thursday. This dip was influenced by the US Federal Reserve&#8217;s [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":5632,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[53,54],"tags":[],"class_list":["post-5607","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-crypto"],"_links":{"self":[{"href":"https:\/\/lunu.io\/news\/wp-json\/wp\/v2\/posts\/5607","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lunu.io\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lunu.io\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lunu.io\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/lunu.io\/news\/wp-json\/wp\/v2\/comments?post=5607"}],"version-history":[{"count":1,"href":"https:\/\/lunu.io\/news\/wp-json\/wp\/v2\/posts\/5607\/revisions"}],"predecessor-version":[{"id":5644,"href":"https:\/\/lunu.io\/news\/wp-json\/wp\/v2\/posts\/5607\/revisions\/5644"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lunu.io\/news\/wp-json\/wp\/v2\/media\/5632"}],"wp:attachment":[{"href":"https:\/\/lunu.io\/news\/wp-json\/wp\/v2\/media?parent=5607"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lunu.io\/news\/wp-json\/wp\/v2\/categories?post=5607"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lunu.io\/news\/wp-json\/wp\/v2\/tags?post=5607"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}