latest World Crypto News

Search and discover the latest Cryptocurrency updated Stories in Categories

24-7 World Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources

Bitcoin Losing a Lot of Momentum, This is Where the BTC Price May Head Next!

The post Bitcoin Losing a Lot of Momentum, This is Where the BTC Price May Head Next! appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

Bitcoin ’s single day recovery from the lows around $26,000 to beyond $31,000 raised hopes of the asset resuming with a strong uptrend. However, the fresh price slash in the early trading hours dragged the price back below $30,000. Additionally, the asset now displays some signs of weakness which may pave the way for the bear to dominate the rally for some more time ahead. 

In such a case, where will the BTC price rally lead to? 

BTC price witnessed a huge jump in its value during the past day’s trade and it may be in the wake of LUNA & UST being delisted from many exchanges. It is speculated that many jumped into BTC trade as the price rose beyond $30,000. However, as both the tokens resumed trade on most exchanges, people may have dumped BTC to accumulate LUNA. And hence a drastic spike in LUNA prices was witnessed which obviously does not seem natural. 

Who are these people who are destabilising the market?

It is a known fact that many newcomers have jumped into the crypto space ever since the financial system showcased some weakness ever since the pandemic began. The adoption and exposure gained by the crypto space and mainly Bitcoin is immense. However, the people who entered here were not nurtured and hence panicked at every bearish trend. Moreover, they liquidated which dragged the price down, destabilizing the markets. 

Who Sold The Recent #Bitcoin Low? #Crypto 
.video-container { position: relative; padding-bottom: 56.25%; padding-top: 30px; height: 0; overflow: hidden; }
.video-container iframe, .video-container object, .video-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; }
<script src= shares this Contents always with License.

Thank you for Share!



Cool to know huh? Read the full Article

Read the full Article:  ⭲ Bitcoin Losing a Lot of Momentum, This is Where the BTC Price May Head Next!

Search about Crypto News


The latest Top News, only from Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed simple and intuitive, usable by all Devices, fast and effective.


Today Most Popular News

Dokky Bookcase Script