Bitcoin is struggling to hold $26,500; Ethereum is trading above $1,550; and altcoins are mixed

Bitcoin fell approximately 2% but managed to stay above $27,500, while Ethereum fell nearly 4% but managed to stay above $1,600.

Despite a robust surge in the equities market and a reduction in bond yields, Bitcoin and other crypto currencies were struggling on Thursday as purchasers remained on the sidelines. The September US PPI was somewhat higher than expected, and the US Fed’s minutes revealed that most expect another round of rate hikes to end the current tightening cycle.

According to other reports, the Hamas terrorist organisation and its associates received millions of dollars in crypto donations between August 2021 and June 2023, according to data from Elliptic, a forensics firm, and BitOK, a Tel Aviv software startup. Cryptocurrency is frequently blamed and criticised as a covert finance method for such terrorist organisations.

On Thursday, the top crypto tokens were trading in a mixed bag. Among the losers, Litecoin fell by around 3%, while Solana fell by approximately 2%. Dogecoin and Polkadot each lost roughly 1%. Among the gainers, Chainlink gained more over 2%, while Toncoin gained about 1%.

The worldwide cryptocurrency market cap was trading lower, falling to $1.05 trillion after falling less than 0.5 percent in the previous 24 hours. However, total trade volumes increased by more than 2% to $25.81 billion.

BTC has gathered substantial negative momentum after falling for three days in a row after passing the crucial $28,500 milestone. Even while the $26,500 barrier is now working as support, any additional decrease may result in another sell-off, taking Bitcoin to $24,000 or lower.