Some worrying signs are starting to appear for bitcoin’s price, at least in a short-term time frame. That’s according to a well-known analyst.

The price for BTC has been wobbly recently, with it being unable to decisively break out in any direction.
Last week, we saw bitcoin dipping as low as $31K only to recover and touch $38,500 days later.
Now, however, the primary cryptocurrency is trading at around $35,500 for a 4% loss on the day.
Commenting on the most recent price action was Ki Young Ju, the CEO at crypto analytics company CryptoQuant.
One thing that makes me worried about BTC is exchange netflows. There are many bitcoins are flowing into exchanges lately but the trading volume is still relatively low. BTC needs more trading volume to digest increasing exchange inflows.

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Category: News | Views: 181 | Added by: danyagames2007 | Date: 12.06.2021 | Comments (0)

(Reuters) - Bitcoin dropped 5.71% to $35,210 at 0600 GMT on Saturday, losing $2,131.11 from its previous close.

Bitcoin, the world’s biggest and best-known cryptocurrency, is down 45.7% from its 2021 high of $64,895.22 on April 14.

Ether, the coin linked to the ethereum blockchain network, dropped 2.54 % to $2,293.26 on Saturday, losing $59.84 from its previous close.

Sourse: reuters.com

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Category: News | Views: 235 | Added by: danyagames2007 | Date: 12.06.2021 | Comments (0)

Crypto prices: Top cryptocurrencies traded lower in the last 24 hours with daily fall ranging between 4 per cent and 14 per cent. Bitcoin plunged over 4 per cent to settle over $35,200 while Ethereum slumped 6.56 per cent to trade at $2291.

Dogecoin was also trading lower at $0.30, down by 5.64 per cent. Digital currencies like XRP, Cardano, Stellar, LiteCoin plunged up to 10 per cent.

Source:livemint.com

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Category: News | Views: 178 | Added by: danyagames2007 | Date: 12.06.2021 | Comments (0)

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