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Bitcoin (BTC) Price Loses Ground, Abandons $10,000 Level

Published 07/02/2019, 04:19 AM
Updated 07/02/2019, 05:41 AM
Bitcoin (BTC) Price Loses Ground, Abandons $10,000 Level
BTC/USD
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Bitcoin (BTC) is no longer on the moon, as it crashed under the $10,000 level. Following a volatile weekend and a sell-off on Monday, BTC price lost ground, shedding hundreds of dollars in a short timespan.

BTC traded at $9,845.55 as of 7:45 UTC on Tuesday. The asset saw a gradual slide in the past day, abandoning the $11,000 level, looking ready to fulfill the expectation of a return toward $9,000. The latest rally to $13,800 held the potential to drive BTC above its previous highs, but it turned out to be a short-term bounce.

At prices above $12,000, there were expectations for another 30% crash, as BTC usually goes through a similar crash each quarter. Now, BTC...

This article appeared first on Cryptovest

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