2018-7-11 11:16 |
On Tuesday, July 10, Bitcoin along with the entire cryptocurrency market witnessed a major pullback on the charts with the entire cryptocurrency market losing $24 billion in one single day.
On Sunday, July 8, Bitcoin crossed past $6800 and everyone was optimistically eyeing it to break the $7000 resistance.
At the press time, Bitcoin is trading at $6384, according to the data on CoinMarketCap.
During the early hours on Tuesday, overall market valuations stood at $274 billion that went to hit a low of $250 billion later in the day.
Crypto exchanges like Coinbase launching institutional products like Coinbase Custody to attract institutional players to the crypto market.