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..

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