After several days of trading sideways around $27,000, bitcoin took a turn for the worse and dropped to its lowest price position in almost two weeks.
The altcoins are in no better shape, with ETH slipping below $1,800 and ADA dumping by 3% in a day. LDO is among the few exceptions with daily gains.
BTC Down to 2-Week Low
After the price slumped to $26,500 last week, bitcoin recovered most losses and stood at and above $27,000 during the weekend. The start of this week was even more positive as the cryptocurrency jumped to $27,500 on Tuesday to chart a multi-day high.
However, the bears intercepted the move and didn’t allow any further increases. Just the opposite, they pushed the asset back down to around $27,000.
The past 24 hours brought even more pain for the bulls as BTC dumped by over a grand at one point and dipped below $26,000 for the first time since May 13. Despite bouncing off and recovering a few hundred dollars since that low, bitcoin is still around 2% down on the day.
We współpracy z: https://cryptopotato.com/bitcoin-dumped-to-2-week-low-apecoin-nosedives-8-market-watch/
