Bitcoin’s troubles continue in the past 24 hours, with another price slide to a low well beneath $32,000. The altcoins are deep in the red as well, with ETH and BNB trading below $2,000 and $300, respectively.
Bitcoin Drops Below $32K
Although the weekend saw minimal trading volume, the price of the primary cryptocurrency actually increased. It went from around $33,000 to a high of just shy of $35,000.
However, the bears regained control at this point and didn’t allow a potential breakout. Just the opposite, they pushed BTC south again, as reported yesterday.
Bitcoin dropped to $33,000, and even though it tried to bounce off, the situation has only worsened since then. The asset kept falling, broke below $32,000 for the first time since late June, and reached an intraday low of around $31,650 (on Bitstamp). This became its lowest price line in 17 days.
Despite regaining a few hundred dollars in the next few hours, BTC’s market capitalization had dumped below $600 billion, while t

Czytaj więcej

Źródło: https://cryptopotato.com/bitcoin-dumps-to-a-17-day-low-below-32k-as-crypto-markets-lost-80b-market-watch/