Bitcoin continues to fall, losing almost 7% since May 10. $BTC
These liquidations have pushed BTC down 4% within the last 24 hours. Ethereum has fallen to $1,746, also losing more than 4% over the past 24 hours.
Bitcoin has been going down since May 10, the day when the CPI report came out with a lower figure than had been expected by analysts. This fostered the probability that the Federal Reserve would put its rate hikes on hold, and Bitcoin recovered the $28,000 level.It is likely that traders began to lock in their profits after that peak and began to sell their BTC.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin (BTC) Heavily Shorted on BitMEX, Here's Where This Might LeadBitcoin (BTC) faces massive selling pressure on BitMEX, what's next? BTC $BTC
Read more »
Here's Why Bitcoin (BTC) Suddenly Regained $28K: DetailsBitcoin (BTC) surprises market by reclaiming $28K, here's what happened BTC $BTC
Read more »
Bitcoin fees plummet 95% as BTC price recovers from US gov't scareBitcoin sheds high fees and U.S. government sales fears as BTC price stays cool below $27,500.
Read more »
$35,000 Still Main Target for Bitcoin (BTC), Suggests Analyst$BTC still has a chance to move toward $35,000, suggests Glassnode's analysis
Read more »
Long-Term Bitcoin Holders Boost Their Stash as BTC Prices Decouple From NasdaqLong-term investors remain undeterred by bitcoin's recent decoupling from Wall Street's tech-heavy Nasdaq index. Reports godbole17.
Read more »
Bitcoin bears need BTC price to go below $27K ahead of Friday's $900M options expiryBitcoin price giving up ground over the past week to slide below $28,000 has put bears in a better position for Friday's expiry.
Read more »