CRYPTO NEWS - Bitcoin at Side Trade Around $49k - Market is in Red
CRYPTO NEWS - Bitcoin at Side Trade Around $49k - Market is in Red
0:12 Intro
01:45 Crypto News
03:17 Bitcoin News
05:48 Crypto Market News
07:15 Bitcoin technical analysis
08:33 Outro
The price of bitcoin on the cryptocurrency exchange Binance dropped to $47.7 thousand. During the day, the cryptocurrency fell by 4%, and its capitalization fell to $909 billion, according to CoinGecko. Last week, the value of bitcoin was rising above $50 thousand after the publication of reports on the record increase in consumer inflation in the U.S. for the past almost 40 years.
On December 4, the value of the asset for the first time since late September, it went down to $42,000. The sharp drop in quotations led to the massive liquidation of positions of traders amounting to more than $2.5 billion. On November 10, bitcoin set a historical high above $69 thousand. Since then, the asset has fallen in price by 30%.
Earlier this month, CEO of Galaxy Digital Mike Novogratz said that the price of bitcoin in the current correction will not fall below $40,000. According to Novogratz, the level of $42,000 is the lower level of correctional decline.
#crypto #bitcoin #btc
0:12 Intro
01:45 Crypto News
03:17 Bitcoin News
05:48 Crypto Market News
07:15 Bitcoin technical analysis
08:33 Outro
The price of bitcoin on the cryptocurrency exchange Binance dropped to $47.7 thousand. During the day, the cryptocurrency fell by 4%, and its capitalization fell to $909 billion, according to CoinGecko. Last week, the value of bitcoin was rising above $50 thousand after the publication of reports on the record increase in consumer inflation in the U.S. for the past almost 40 years.
On December 4, the value of the asset for the first time since late September, it went down to $42,000. The sharp drop in quotations led to the massive liquidation of positions of traders amounting to more than $2.5 billion. On November 10, bitcoin set a historical high above $69 thousand. Since then, the asset has fallen in price by 30%.
Earlier this month, CEO of Galaxy Digital Mike Novogratz said that the price of bitcoin in the current correction will not fall below $40,000. According to Novogratz, the level of $42,000 is the lower level of correctional decline.
#crypto #bitcoin #btc
