Cryptocurrency market today, September 26: Continues to plummet, Bitcoin investors need to know this information

(NLDO)- Data from research platform Santiment shows that pessimism is spreading on social networks.

On the evening of September 26, the cryptocurrency market plummeted. Data from OKX showed that Bitcoin (BTC) fell nearly 2% to $109,400.

Altcoins also lost value: Ethereum (ETH) fell more than 1% to $3,930; XRP fell 2.5% to $2,750; BNB fell more than 4% to $945; Solana (SOL) lost nearly 2%, trading at $196.

Early the same morning, Bitcoin touched $109,000 at one point, near its lowest level of the month.

The sharp decline has turned investor sentiment pessimistic.

Bitcoin is trading in the $109,400 region Source: OKX

According to the Crypto Fear & Greed Index, the market sentiment gauge fell to 28/100, its lowest since April and down 16 points in just one day.

Analysts say the area below 30 points often reflects excessive fear, a factor that can signal a recovery.

Analyst Michael Pizzino said that the increasing pessimism while Bitcoin price remains above the $109,000 mark could be an early sign of a reversal phase.

“The technical signals are quite positive but the recovery trend still needs more time to confirm,” said Mr. Michael Pizzino.

Data from research platform Santiment also shows widespread pessimism on social media, while large investors are taking advantage of the situation to increase accumulation. This is considered a supporting factor for the bullish scenario.

In terms of prospects, analysts predict that in the short term, Bitcoin may continue to test the $109,000 threshold, even fall to $105,000 before recovering to the $112,000–$115,000 range.

Medium term, if the cash flow is maintained, the price could head towards $120,000–$125,000.

Conversely, if the $105,000 mark is broken, the risk of a deep drop below $100,000 will open up.

Source: https://nld.com.vn/thi-truong-tien-so-hom-nay-26-9-tiep-tuc-lao-doc-nha-dau-tu-bitcoin-can-biet-thong-tin-nay-196250926201339242.htm