Bitcoin Price Vulnerable Despite 2019 High, Traders Predict Plummet to $4,200

2019-5-7 13:45

By CCN. com: In the past 24 hours, the bitcoin price spiked by nearly five percent from $5,580 to $5,880, surpassing $5,900 at the day’s peak, fueling the cryptocurrency market. The abrupt increase in the bitcoin price was supported by a noticeable increase in daily bitcoin spot volume estimated to be around $570 million as of May 7 by OnChainFX.

In comparison, the daily bitcoin spot volume in early March was $270 million. Although industry executives and prominent researchers in the likes of Ethereum co-creator Joseph Lubin and cryptocurrency analyst Willy Woo believe the bottom is in for bitcoin, some traders

The post Bitcoin Price Vulnerable Despite 2019 High, Traders Predict Plummet to $4,200 appeared first on CCN

. origin »

Bitcoin (BTC) на Currencies.ru

$ 91785 (+0.23%)
Объем 24H $53.68b
Изменеия 24h: 2.80 %, 7d: 6.19 %
Cегодня L: $89150.54 - H: $91785
Капитализация $1832.137b Rank 1
Цена в час новости $ 5911.77 (1452.58%)

bitcoin price traders volume million daily increase

Источник: ccn.com

bitcoin price → Результатов: 126


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

BTC price steadies above $92K, but caution remains as Bitcoin ETFs break inflow streak

The Bitcoin price has stabilized above $92,000 after a period of notable fluctuations, with eyes now on the interplay between institutional flows and market sentiment. At press time, Bitcoin was trading at around $92,829, rebounding from recent lows near $83,800, while Bitcoin ETFs have shown a mixed performance, breaking a streak of consecutive inflows that […]

Bitcoin reclaims $93k; will it surge to the $97k resistance level?

The cryptocurrency market is showing signs of stability following days of heavy selling pressure. Bitcoin reclaimed the $93k level a few hours ago, adding 7% to its value in the last 24 hours. The recent positive performance comes amid renewed bets that the Federal Reserve is nearing its first rate cut of the cycle. Fed […]

Why this analyst thinks Bitcoin’s return to $100k isn’t far away

Bitcoin could be preparing to turn a corner after a period of seasonal weakness, according to BTIG chief technical strategist Jonathan Krinsky. The world’s largest cryptocurrency has climbed steadily in recent sessions, and analysts suggest historical patterns may support further strength into the year-end.