Bitcoin Price Plunges 11%: Factors Behind Sunday’s Big Crypto Market Dump

2019-2-25 12:35

On February 24, the Bitcoin price plunged from $4,190 to $3,714 within minutes by 11. 3 percent against the U. S. dollar. While many traders were not taken aback by the sudden drop in the price of the dominant cryptocurrency, some were surprised by the magnitude of it in a short time frame.

In an exclusive interview with CCN, cryptocurrency technical analyst and trader Josh Olszewicz suggested that the Chicago Mercantile Exchange (CME) Bitcoin futures market may have had a large impact on the downside movement of the asset. How Bitcoin Futures Could Have Had a Big Effect Last week, prior to

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Bitcoin (BTC) на Currencies.ru

$ 71274.14 (+0.09%)
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Изменеия 24h: -0.04 %, 7d: -3.88 %
Cегодня L: $69940.18 - H: $71350.21
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Источник: ccn.com

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Фото:

Bitcoin reveals a rare bullish cycle bottom signal before bouncing as futures bears tighten their grip

Bitcoin is flashing its most oversold signal on record amid its continued price struggles in this current macroeconomic environment and persistent exchange-traded fund (ETF) outflows. According to CryptoSlate data, BTC's price dipped to around $62,700 over the last 24 hours, while its weekly relative strength index (RSI) printed roughly 25.

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