Bitcoin Slumps Under $26K as Bearish Outlook Engulfs Crypto Market

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Price-charts suggest more declines ahead even as large investors are adding on their bitcoin holdings, one trader said.

Bitcoin dipped under $26,000 in European morning hours on Monday amid a generally bearish sentiment among crypto traders and the lack of new catalysts to rally markets.

Ether fell 1.1% even as trading aggregator protocol 1Inch invested over $10 million worth of stablecoins from its treasury to purchase 6,088 ETH late on Sunday, providing some buying pressure to an otherwise tepid market. Meanwhile, FxPro trader Alex Kuptsikevich told CoinDesk in a note that the firm expected further declines, citing price-chart data.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 291. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

PEPE's Weekly Losses Exceed 20%, BTC Slips Below $26K (Market Watch)Aside from PEPE, RUNE and APE are also in the red on a weekly scale.
Source: Crypto_Potato - 🏆 568. / 51 Read more »