Bitcoin Prices Drop As Market Suffers Multiple Headwinds

Share to twitterBitcoin prices dipped today as the digital currency struggled with challenges including widespread selling pressure and lackluster sentiment. Bitcoin, the world’s most prominent cryptocurrency, dropped roughly 5% in 24 hours as the digital asset struggled with varying challenges., down approximately 4.75% from the same time yesterday.

[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.], pointed toward widespread selling activity when explaining bitcoin’s recent price declines. “With volumes still quite low relative to this summer, shorts are incentivized to keep pushing prices lower until they hit resistance,” Dorman added.Several market observers emphasized technical analysis, using it to explain bitcoin’s recent fluctuations.

Bitcoin dropped -$10, Crypto be like..

xrp

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

TJ Maxx prices, experience make it immune to Amazon, retail apocalypse - Business InsiderTJ Maxx beats many of its rivals on price, and it reveals how it's perfectly poised to fend off Amazon and the retail apocalypse
Fuente: BusinessInsider - 🏆 729. / 51 Leer más »

Walmart is subsidizing merchants to offer lower prices on its e-commerce marketplace - Business InsiderWalmart is lowering third-party sellers' prices on its e-commerce marketplace and subsidizing them to better compete on price, especially with Amazon.
Fuente: BusinessInsider - 🏆 729. / 51 Leer más »

Stock picks to buy: Goldman reveals 12 growth stocks at budget prices - Business InsiderGoldman Sachs says companies with steady earnings growth are more expensive than ever, but that it's still possible to find a few at discount prices.
Fuente: BusinessInsider - 🏆 729. / 51 Leer más »