Bitcoin (BTC) slid this Tuesday, crashing by around $1,000, to continue the trend of distancing itself from the year’s peak prices. BTC had stabilized and even crept up to the $10,700 range before a flash crash took it down to $9.733.28. Hours later, BTC continued to sink and traded at $9,425.32.
BTC is now in bearish territory, and the predictions for a slide to the $9,000 range were fulfilled. BTC prices fell under their 200-day moving average, suggesting the potential for a further slide. What is more, volumes fell down to $17 billion’s equivalent, about three times lower in comparison to peak activity.
The most recent flash crash arrived on the day ...