Bitcoin price dropped to $ 10 again 000, having lost more than $ 1 in the last 24 hours 000. Due to the failure of another attempt to restore..
On Friday, traders raised the bitcoin rate from $ 11 130 to $ 11 920, but they never made it to the important $ 12 level 000, as the incipient correction quickly turned into recession. The price of the first cryptocurrency dropped below $ 10 several times tonight 000 and hit a two-week low of $ 9,860.
Although in the course of the current recession, the bulls tried to stabilize the situation several times, but previous attempts to keep $ 11 400 and $ 10 800 were unsuccessful of the ongoing sell-off. At the time of writing, Bitcoin (BTC) is trading at $ 10 167 and in the last 24 hours 9.57% of its value.
Although the market has seen an increase in trading volume, it is due to profit-taking by investors who are in a hurry to get out of their current positions, since cryptocurrencies suffer even more significant losses..
DEFI EXPLOSION IS REAL AND ITS GOING TO GET BIGGER (BITCOIN HOLDERS PAY ATTENTION)!!!
Ether (ETH) fell 17.47% to $ 221, while Litecoin (LTC) lost 13.32% and is now worth $ 87. The price of bitcoin cash (BCH) and its fork (BSV) decreased by 17.8% and 22%, respectively. Against this background, XRP with a decline of 6.14% looks like the most stable asset among the top thirty coins..
At the moment, the situation has temporarily stabilized, since the market remains very volatile, a strong onslaught of bullish volume is needed for a confident stabilization or rebound. Moreover, according to analyst at EXANTE investment company Viktor Argonov, growth discourages new agents’ reluctance to purchase above the $ 10,000 level.
text: Ivan Malichenko, photo: Shutterstock, chart: TradingView
ATTENTION ALL BITCOIN HOLDERS!!!! BULL MARKET IS OVER IF THIS HAPPENS!!!!!!!!!!