{"id":31496,"date":"2020-07-16T18:01:19","date_gmt":"2020-07-16T14:01:19","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=31496"},"modified":"2020-07-16T18:02:27","modified_gmt":"2020-07-16T14:02:27","slug":"cryptocurrency-in-a-sea-of-red","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/cryptocurrency-in-a-sea-of-red\/07\/16\/market-updates\/","title":{"rendered":"Cryptocurrency in a Sea of Red"},"content":{"rendered":"\n<p>The cryptocurrency market shook profoundly and drowned in red during the European session on Thursday, and many cryptocurrencies broke through the support levels, while Bitcoin approached the psychological barrier of $ 9000. Bitcoin was at $ 9,080, down 1.3% on a daily basis since the beginning of the day.<\/p>\n\n\n\n<p>The news about Twitter hacks sparked market turmoil, but there is no direct correlation between hacked accounts and intense sales of crypto. Experts confirm that the event is merely a catalyst in favour of the bears.<\/p>\n\n\n\n<p>Despite intense sell-off in the cryptocurrency, BTC\/USD remains capped in a narrow range. The currency remains above $ 9000, which is a good sign in the short term. <br><br>Any sustained move below this area would make the weekly SMA50 at $ 8,850 in focus. This MA has been limiting decline since the beginning of May.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency market shook profoundly and drowned in red during the European session on Thursday, and many cryptocurrencies broke through the support levels, while Bitcoin approached the psychological barrier of $ 9000. Bitcoin was at $ 9,080, down 1.3% on a daily basis since the beginning of the day. The news about Twitter hacks sparked &hellip;<\/p>\n","protected":false},"author":9,"featured_media":30802,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[4707,40,36],"tags":[6904,7001],"class_list":["post-31496","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-breaking-news","category-cryptocurrencies","category-market-updates","tag-bitcoin","tag-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/31496","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=31496"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/31496\/revisions"}],"predecessor-version":[{"id":31499,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/31496\/revisions\/31499"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/30802"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=31496"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=31496"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=31496"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}