The fiat value of bitcoin has seen a decline over the past 24-hours as the price per BTC dropped from US$1215 to a low of $1140 across major global exchanges. At press time, the price is on the rebound hovering around the $1170-1180 range, but the market is showing no signs of fending off sellers.
Bears have taken over the price of bitcoin as the cryptocurrency’s market value is trending downwards. Bitcoin daily trade volume has also dropped to under $300 million worth of BTC trades. There hasn’t been any significant headlines pointing to the reason behind bitcoin’s price drop. At present markets look undecided, and a breakout is possible in any direction.
Read More Here >>> https://news.bitcoin.com/markets-update ... ar-market/
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