24/9 Price Analysis: BTC, ETH, ADA, BNB, XRP, SOL, DOT, DOGE, AVAX, LUNA

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The recovery of the crypto market was rocked on September 24 after it was announced that the Chinese government was adopting a new set of measures including enhanced inter-ministerial coordination to “cut off payment channels, get rid of relevant websites and mobile apps “to crack down on illegal cryptocurrency. transactions efficiently.

Although the news caused a massive sell-off, long-term investors are unlikely to be upset because, other than announcing additional measures to effectively enforce the existing ban, nothing else has changed.

Daily performance of the cryptocurrency market. Source: Coin360

China first announced a cryptocurrency ban in September 2017 and this news also led to a sharp correction in the price of Bitcoin (BTC). However, this decline turned out to be a good buying opportunity as the price rallied in a matter of weeks and hit a new all-time high near $ 20,000 in less than three months.

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