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Bitcoin (BTC) Unravels Under $10,000

© Reuters.   Bitcoin (BTC) Unravels Under $10,000
© Reuters. Bitcoin (BTC) Unravels Under $10,000

(BTC) turned the tides on the August rally, sinking below $10,000 just a day after surrendering the $11,000 tier. Now, BTC is back near the levels at the start of the month, when predictions of lows near $8,000 were made. BTC slid to $9,692.46, down 8.69% in the past day, and erasing a net 18.46% since last Thursday. The current correction once again erased the expectations of a quick spike to as high as $15,000.

The BTC sentiment has moved down to levels not seen since December 2018, when the depth of the bear market caused fears of extremely low prices:

This article appeared first on Cryptovest

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