Home Blockchain News Bitcoin Bulls Rage in Key Indicator Despite $11 Billion Crypto Drop

Bitcoin Bulls Rage in Key Indicator Despite $11 Billion Crypto Drop

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By CCN: In an overnight pullback, the bitcoin price has dropped by around 2.3 percent from $8,700 to $8,500, leaving major crypto assets such as Ethereum, Bitcoin Cash, XRP, and EOS with 3 to 8 percent losses against the U.S. dollar. As the bitcoin price endured a minor correction, the valuation of the crypto market has dropped by nearly $11 billion from $279 billion to $268 billion. Still, despite the short-term correction of bitcoin and the likelihood of a pullback extending throughout the upcoming days, a key technical indicator suggests that the dominant crypto asset has entered into a bull

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* First published on ccn.com

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