Bitcoin Price Record Low, Tumbles in Sell-Off
Bitcoin Price has dropped to a new decline low in a fierce sell-off across exchanges. During the overlap of the late US and early Asian trading session price began falling from levels in the high $260s (1,670 CNY) to the low $250s (1,508 CNY) within an hour. At the time of writing the average USD price is $230 and BTC-China is at 1,420 CNY. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Bitcoin Price Analysis. Time of analysis: 12h00 UTC. BitFinex 4-Hourly Chart. By 12h00 UTC, the BitFinex chart had made its way to the bottom the Fib channel and....
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The Belgian Prime Minister Charles Michel broke the news that there will be no "Grexit" after 17 hours with hard negotiations with other European leaders and Greece's Prime Minister Alexis Tsipras. According to AFP, Alexis Tsipras, François Hollande, Angela Merkel, and the EU President Donald Tusk locked themselves in a meeting room for four hours to come to a final agreement. After the announcements on Twitter, we saw a massive bitcoin sell-off. The bitcoin price is still on its way down from its high yesterday of $317 per BTC and is now hovering around $280 per bitcoin (CET 09:45).....
OKB is trading just above $4, down from nearly $6 before the news.
Bitcoin price has been on an absolute tear, setting record after record over the last several months. After consolidating for weeks at a level more than double the last cycle’s peak, Bitcoin is back to making new highs and now has now traded at $50,000 for the first time in its more than decade long existence. Within moments of touching $50,000, however, sell orders began triggering. The initial rejection could suggest that the phycological resistance […]
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