Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Bitcoin (BTC) Abandons Bullish Trend with Slide Under $10,000

Published 08/22/2019, 03:15 AM
Updated 08/22/2019, 04:21 AM
© Reuters.   Bitcoin (BTC) Abandons Bullish Trend with Slide Under $10,000

© Reuters. Bitcoin (BTC) Abandons Bullish Trend with Slide Under $10,000

Bitcoin (BTC) has hovered mostly sideways in the past few weeks, moving away from the previous bullish trend. Now, BTC is still searching for a direction, with mixed predictions seeing either another rapid climb, or a slide to lower valuations.

BTC trades on relatively lower volumes of $17 billion’s equivalent, of which around 65% belong to the pairings with Tether (USDT). BTC activity is still widely distributed on Asian exchanges, where stablecoins have significant influence.

The BTC price rally stopped around the time new USDT minting slowed down, for a total supply of 4.043 billion coins. Currently, Tethe...

This article appeared first on Cryptovest

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.