Home Blockchain News Bitcoin Price Retreats Under $3,400: Here’s Why a Fall to the $2,000-Range May Be Inevitable

Bitcoin Price Retreats Under $3,400: Here’s Why a Fall to the $2,000-Range May Be Inevitable

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In the last 24 hours, the Bitcoin price has dropped from $3,505 to $3,322 by more than five percent against the U.S. dollar. The abrupt decline in the Bitcoin price led the valuation of the crypto market to plunge by over $10 billion in a three-day span. Major crypto assets such as Bitcoin Cash (BCH) and EOS (EOS) recorded large losses throughout the past week and was surpassed by Tether (USDT) in market valuation. Dropping Below $3,000 is a Possibility For Bitcoin Throughout the past three months, despite recording intense sell-offs at times, Bitcoin has defended the $3,000 support level

The post Bitcoin Price Retreats Under $3,400: Here’s Why a Fall to the $2,000-Range May Be Inevitable appeared first on CCN

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* First published on ccn.com

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