Bitcoin Gives Up $27K in Sharp Tumble as Crypto Liquidations Top $100M
BTC price fell to $26,700 from $27,200 during Monday.
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Bitcoin Price
BTC price fell to $26,700 from $27,200 during Monday.
The world’s largest crypto has bounced from a 3-month low below $25,000 hit on Monday.
Some signs suggest potential market weakness despite Tuesday’s rally, market observers noted.
Arca’s Chief Investment Officer says there hasn’t been much to sink your teeth into as a digital asset investor this year.
Despite today’s market-wide advance, the outlook for risk assets is pointing to softer prices for the next few weeks, one observer noted.
The index has a solid track record of shifts in the bitcoin market trend.
Modest Consumer Price Index (CPI) numbers mean that the chance of another rate hike is dwindling.
The world’s largest cryptocurrency is lacking sustained momentum, the price selling off shortly after each attempted leg higher.
Prior uneventful periods preceded major eruptions in volatility for BTC’s price, crypto analytics firm K33 Research noted.
Analytics can offer insight into how recent and past crypto and regulatory events have affected prices and movement. Plus: A quick Q&A on retirement funds.