Bitcoin (BTC) Price Rally Broke Down, Shedding Thousands in a Day

(BTC) still looks respectable compared to January’s prices – but Thursday night saw another sell-off, wiping out thousands of dollars. Panicked sellers once again tried to liquidate, leading to another Coinbase outage due to the overwhelming demand.

https://twitter.com/DigitalR_and_R/status/1144066202886713351

BTC peaked at around $13,800 on Wednesday, but failed to survive, initially sliding by $1,000 toward the $12,600 range. But on Thursday afternoon, BTC crashed toward the $10,500 low for the day, coinciding with US business hours and the sell-off tha…

This article appeared first on Cryptovest

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