Bitcoin (BTC) Breaks Below $11,000
(BTC) once again sent jitters across the markets, with another flash crash below the $11,000 mark. BTC was weakening in the past couple of days, breaking below the support of $11,500, and fell by more than $900 on Wednesday.
In the past 24 hours, BTC slid gradually from $11,300 to $10,629.24 as of 7:10 UTC. Breaking the recent climbing streak also pushed down the BTC market cap dominance to 67.7%, preventing it from trending above 70%.
BTC trading volumes remain around $18 billion, with more than 69% carried by Tether (USDT) volumes. BTC also closely competes with USDT for the best-traded coin. USDT takes up 33.14% of all trading activity across markets, while BTC is …
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