Bitcoin News

Bitcoin (BTC) Price Dips Again; Climb Back Above $8,000 Appears Tougher

© Reuters.   Bitcoin (BTC) Price Dips Again; Climb Back Above $8,000 Appears Tougher
© Reuters. Bitcoin (BTC) Price Dips Again; Climb Back Above $8,000 Appears Tougher

(BTC) price started to appear shaky, as a late Sunday sell-off pushed the prices down toward the $7,600 range. With that drop, the $8,000 level seems harder to regain. Interestingly, the sell-off caused a rise in the share of Tether (USDT) trading to more than 73%, after it had fallen down to 65% during the price climb.

BTC traded at $7,743.20 as of 8:00 UTC on Monday, starting a tentative recovery, but still 10% down over the past week. BTC trading volumes also retreated to $17 billion’s equivalent in 24 hours, down from a recent peak of above $30 billion’s equivalent.

Most altcoins lost their positions based on BTC valuations, with the exception of (LTC), which is on a rising rally ahead of the halving. LTC moved ahead to $117.07, one of the few leading coins appreciating during the latest sell-off. LTC is also picking up the pace in Satoshi prices, rising to 0.01…

This article appeared first on Cryptovest

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source: investing.com
View original post

Show More

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close