2018-6-29 15:57 |
Bitcoin (BTC) could post new 2018 lows over the weekend, having found acceptance below key price support.
While the bears had briefly pushed prices down to $5,755 (2018 low) last Sunday, a close below $6,000 had remained elusive.
At press time, BTC is changing hands at $5,904 on Bitfinex – down 3.4 percent on a 24-hour basis.
Despite the drop below support, bitcoin is still outperforming most other cryptocurrencies and is now at 11th place on the list of best performing top-100 cryptocurrencies by market capitalization.
Clearly, investors have become more risk-averse, venturing out of high-risk cryptocurrencies and into bitcoin (and possibly then on to fiat currency).
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