Bitcoin price drop

Bitcoin price edges up after yesterday's biggest one-day

Video: Bitcoin price drops as much as 15% days after recor

Bitcoin has posted its biggest one-day drop in almost two months, amid warnings that novice investors could suffer heavy losses from speculating in crypto assets such as meme coin dogecoin... The technical analysis using the algorithm says that the price of Bitcoin (BTC) will decrease or fall or drop in long term. What will be the price of Bitcoin (BTC) in 2023? The price of Bitcoin (BTC) in 2023 will be about $15,795.1749 Bitcoin Price Will Drop 50% - Analyst Tom Lee Predicts. January 10, 2021 at 20:16 Bitcoin by Mark Stevenson. Well-known cryptocurrency analyst and investor Tom Lee, who predicted the growth of Bitcoin (BTC) to $40,000, is confident that the coin will soon be corrected by 50% Bitcoin has taken the lead in the recent run-up in the cryptocurrency market yet again as it moved back above the $19,000 mark. Prices have managed to retain all the gains realized over the last..

Bitcoin tumbled to its biggest single-day drop since February over Saturday, just days after reaching a record high, Bloomberg reported. Bitcoin fell 10.8% in the 24 hours to Saturday 7am ET, from. On Saturday at 11:00 p.m. (EST), bitcoin's price dropped to a low of $51,541 but has regained some losses during Sunda

Daniel Masters made a call for Bitcoin price to break out in 2017 and reach a high of $4,400. Bitcoin did indeed reach that price in 2017, but smashed right through it and kept on going to $20,000. Vinny Lingham, South African Internet Entrepreneur and CEO of Civi According to cryptocurrency analyst Joseph Young, when the funding rate fell to 0.011%, it reflected the fact that Bitcoin perpetuals were oversold following the deep price drop of around $3,000. This supports the claim of other analysts that there was, indeed, too much leverage in the market. Young adds, however, that the price of Bitcoin remained resilient at $18,000 despite the overselling Bitcoin's price drop comes three days after gold recorded its worst crash since March 2020. The precious metal fell 3.3% Friday, closing at $1848 per ounce. In the early hours today, it dropped to $1817. The reason for the drop in the price of competing inflationary hedges—Bitcoin and gold—is the rise in the strength of the U.S. dollar. The greenback has seen three consecutive positive.

Crypto Investing: 6 Experts on Bitcoin Crash, 7 Charts to

  1. Bitcoin, the world's biggest and best-known cryptocurrency, dropped 7.7% to $55,408.08 on Sunday, losing $4,624.21 from its previous close. It comes afterDogecoin's price increased 91 per cent in.
  2. Bitcoin rallied to more than $58,000 on Sunday, but has since reversed course. As of 12:00 a.m. ET, bitcoin was trading over 8% lower at a price of $53,195. It's worth pointing out that price..
  3. Bitcoin's price plummeted to $60,000 just days after Coinbase's public listing. Bitcoin (BTC) fell below $60,000 on April 17 following a solid rally over the previous week in anticipation of Coinbase's Nasdaq public listing. However, the cryptocurrency market began to correct after the COIN listing, which is the ticker of the Coinbase stock

LongForecast Price Prediction for 2020 According to LongForecast, price should have varied in the range between $6871-9757 in January. Throughout 2020, the Bitcoin price was supposed to reach $9,306 by December 2020. DigitalCoinPrice Price Prediction for 202 The bearish trend began after Bitcoin lost its $60,000 support earlier this weekend and followed that by dropping from $59,000 to $52,000 in less than an hour. The massive loss led to the liquidation of positions worth over $10 billion from the market Bitcoin pares drop after tumbling on Elon Musk's price remarks. Anchalee Worrachate and Olivia Raimonde. Bloomberg . Elon Musk's embrace of Bitcoin earlier this month rocketed the. Bitcoin is a highly volatile asset, and to accurately predict its future price is a challenge. In 2013 it started with a price of $13.50 and rallied to $220 by early April only to drop by around $70 towards mid-April

Bitcoin (BTC-USD) price prediction talk is heating up on Thursday as investors react to the cryptocurrency falling 10% this morning.More From InvestorPlace Why Everyone Is Investing in 5G All. Bitcoin's HUGE daily drop sends cryptocurrency market crashing. The world's highest-valued digital currency, bitcoin, has seen its biggest drop ever, plummeting below $46,000 per coin from the weekend record of over $58,000 in a span of just 19 hours. Despite the nearly 16-percent drop, the cryptocurrency is still up around 500 percent in. Bitcoin Price Falls After Turkey's Decision to Ban Crypto Payments. The price of Bitcoin has dropped by about 4% following the news by the central bank of Turkey to ban cryptocurrency payments starting from April 30. The regulator has cited the level of anonymity behind cryptocurrencies that hauls the significant threat of non-recoverable losses However, USA based Ripple company who separated from XRP stuck in lawsuit because its relation with XRP.As XRP already losses investor and people started cashing out their investment, so price of XRP continues to drop. as excluding XRP other top crypto Litecoin, Ethereum, Polkadot and Bitcoin cash also surging in price and market cap

Breaking: Bitcoin price crashes 14% sending cryptocurrency

As reported, in November, the US Department of Justice (DoJ) has forfeited BTC 69,370, worth over USD 1bn at the time. At the time of writing (07:59 UTC), it's worth more than USD 2.7bn, as BTC is trading at USD 39,629 after it briefly touched USD. Bitcoin's price faltered this week as the cryptocurrency struggled to reach the all-time high of over $61,000 achieved just two weeks ago. Despite starting Monday with a price of around $58,000. Bitcoin Briefly Drops Below $48K as Analysts Say Rally Overdone, Yellen Comments Bitcoin swiftly lost altitude early on Monday, dropping over 15% to below $50,000 before rebounding somewhat. The.. Bitcoin dropped as much as 15% overnight, its biggest intraday drop since February, just days after hitting record highs. 7h ago. CoinDesk. If Bitcoin Starts Closing Below the 50-Day SMA It May. Bitcoin price rebounds to $57,000 after the sharp drop. This coin that was selling for $64,000 initially dropped significantly to $52,00

Bitcoin price drops to $52k following US Treasury rumors

Bitcoin price crash: Cryptocurrency plunges in value - 3% drop in 24 hours BITCOIN'S price has plummeted over the past 24 hours, sparking fears over the recent resurgence of the world's most. Bitcoin prices surged to a new all-time high of nearly $42,000 on Friday, only to plunge all the way back to about $31,000 Monday morning. That's a more than 20% drop -- which means bitcoin is now. Bitcoin price drop not necessarily bad news. While it seems like a bearish decline, it's not necessarily bad for the overall health of the market. A pullback has been anticipated by Bitcoin experts and analysts for some time. The market is possibly experiencing a short term sell-off as new investors sell Bitcoin for higher profits. With the recent surge as a cumulative result of FOMO, new.

Bitcoin Price Falls $8K to 3-Week Low, Altcoins Crash

The Bitcoin Cash (BCH) price has been struggling to find direction in the past few weeks. It is trading at $518, which is 15% below the March high of $607. What happened: The price of Bitcoin Cash has been in a tight range recently as demand for the digital currency has waned.Indeed, its market cap has dropped to more than $9.77 billion, making it the 13th biggest digital currency in the world Paolo Ardoino, Chief Technical Officer at cryptocurrency exchange, Bitfinex, explained that the price drops are not necessarily signs of fundamental problems within the cryptocurrency market space. Today's drop [seems] to be a correction in BTC, he said. How low will Bitcoin go? Of course, it is impossible to predict the future. However, Michaël van de Poppe, a full-time Trader from. Bitcoin () Cryptocurrency Market info Recommendations: Buy or sell Bitcoin? Cryptocurrency Market & Coin Exchange report, prediction for the future: You'll find the Bitcoin Price prediction below. According to present data Bitcoin (BTC) and potentially its market environment has been in a bullish cycle in the last 12 months (if exists) Bitcoin price failed to gain strength above the $60,000 resistance against the US Dollar. BTC is showing a few bearish signs and it could decline towards $54,500.Bitcoin struggled to clear the.

Bitcoin Price Turns Red. After another failure to clear the $60,000 resistance, bitcoin started a fresh decline. BTC broke the $58,000 support level to move into a bearish zone. There was also a break below the $56,500 support level. The price is trading well below $58,000 and the 100 hourly simple moving average. It traded as low as $55,544. The price of bitcoin dropped as low as $52,148.98 on Sunday morning, days after reaching an all-time high above $64,800. Ether and dogecoin also saw their prices drop, following a week in which. Why is Bitcoin Going Down? Cryptocurrency Price Drops amid Apparent Sell-off. By Jason Murdock On 1/11/21 at 11:03 AM EST. Share. Share on Facebook Share on Twitter Share on LinkedIn Share on. This, in turn, causes Bitcoin's price to drop, as the auction winner usually sells some of his newly acquired coins on exchanges as well. 4. Why is Bitcoin Going Up? There are also certain events that increase buy pressure and make Bitcoin's price go up. Let's go over some examples. Crossing an ATH. If Bitcoin's price crosses a certain all time high, in many cases this generates. Bitcoin fell in price from $34,000 to below $29,000 on Monday morning (Getty Images/iStockphoto) Bitcoin flash crash sees biggest price drop in cryptocurrency histor

Bitcoin records biggest one-day drop for almost two months

Bitcoin was down about 5.6% after plunging as much as 17% earlier Monday. The digital asset briefly drifted below $50,000, giving up more than $8,000 in a matter of hours after the world's. Hearn's post blamed Bitcoin's alleged failure on a number of reasons: censorship in the Bitcoin community, the centralization of mining to a handful of Chinese miners, and the unwillingness of Bitcoin Core developers to increase the limit on Bitcoin's block size. Within 24 hours of the post being published, Bitcoin's price dropped over $50 USD Bitcoin price drops to $52K, liquidating almost $10B. Fears of regulatory moves come as a brief hash rate crash from a Chinese power blackout already begins to rebound. Bitcoin fell to sudden lows of $52,000 on April 18 in a timely reminder of how price action often follows hash rate.. Yet, near the expiration, they might sell the remaining amount of bitcoin, which would cause the price to drop, leaving the short position of the futures contract they close with, as Lee puts it, a handsome profit. 5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now! Apart from this, Lee also notes that the overall inflow into the. Bitcoin price failed to gain strength above the $60,000 resistance against the US Dollar. BTC is showing a few bearish signs and it could decline towards $54,500. Bitcoin struggled to clear the $60,000 resistance and it declined below $58,000. The price is now trading well below $58,000 and the 100 hourly simple moving average

Bitcoin Price Prediction for Tomorrow, Week, Month, Year

Bitcoin price edges up after yesterday's biggest one-day

Bitcoin Price Will Drop 50% - Analyst Tom Lee Predict

The price of Bitcoin has fallen to $57,370, down 2.7% in the last 24 hours. It's now falling marginally away from the $60,000 mark that it has struggled to hold. At the same time, the Kimchi Premium—the higher price that Bitcoin trades at in Korea—has dropped significantly today. The premium was caused by high demand in Korea in combination with the difficulty of trading into and out of. The price of bitcoin descended from record highs on Friday following a decision by Turkey's central bank to ban cryptocurrencies for payments.The Central Bank of the Republic of Turkey (CBRT) said the use of cryptocurrencies and other crypto assets based on distributed ledger technology would be prohibited as a payment, whether directly or indirectly Why Bitcoin Price Remains At Risk of A Fresh Drop To $36K. by Aayush Jindal. 2 months ago. in BTC. Reading Time: 2min read Bitcoin price surged above the $0,000 level before started a downside correction against the US Dollar. BTC is now testing a major support at $38,600, below which it could decline to $36,000. Bitcoin climbed above the $38,000 resistance, but it struggled to stay above.

The price of Bitcoin has dropped by about 4% following the news by the central bank of Turkey to ban cryptocurrency payments starting from April 30. The regulator has cited the level of anonymity behind cryptocurrencies that hauls the significant threat of non-recoverable losses. The inflation in the country has made the citizens to turn to digital currencies investments so as to protect their. Bitcoin suffers a 20% pullback why focusing on these daily/weekly price movements is dangerous where bitcoin and altcoins go from here After topping a price of $58,000 this past weekend. Bitcoin Price Prediction: A Drop to $26,000 Seems Possible. Written by Crispus Nyaga on Jan 13, 2021, 10:06 GMT. Bitcoin price is having a rough week. The BTC/USD is up by just 0.65% today; the first day in the green since Friday last week. It has also declined by more than 18% in the past few days alone. This has pushed its market cap to more than $647 billion. Other cryptocurrencies like. JPMorgan predicts Bitcoin price drop if ETF is approved By Reynaldo January 11, 2021 No Comments. The approval of a Bitcoin ETF would reduce Grayscale's market share and reduce the premium for its BTC-based product. Institutions reduce exposure to gold ETFs to buy Grayscale Bitcoin Trust (GBTC) shares. While Bitcoin is on its way back to the mid-30,000s, the price suffered its first major. After ascending all the way to $12,000 on 1 August, Bitcoin registered its most significant daily pullback since the 8.24 percent drop on 10 June, with BTC depreciating by 10.57 percent yesterday. While such movement did see Bitcoin's rally stop in its tracks, over the past few hours, the crypto-asset seemed to hold on to a price position between $11,000-$11,200

Bitcoin price plummets by more than 10% in huge drop | JOE

Bitcoin price will drop to $14,000 before the bull run resume

Bitcoin Price Dipped Below $52K Amid U.S. Treasury Rumors (Market Watch) Author: Jordan Lyanchev Last Updated Apr 19, 2021 @ 07 As reported yesterday, the primary cryptocurrency had regained over $2,000 of value following its Friday price drop and was changing hands at above $62,000. However, the situation changed vigorously in the past 24 hours. Rumors started to spread that the US. Bitcoin is forming its third correction pattern in the current bull cycle and if it follows previous patterns, prices could drop significantly lower. Since its March 14 peak of $61,000, Bitcoin has corrected by 12.3% to $53,500 during Asian trading on Tuesday, March 16, before recovering slightly to trade at current prices of $54,350 according to Tradingview.com at the time of press. How Deep. The price of Bitcoin has been EXTREMELY volatile lately. We've seen sudden drops and rises in price, creating plenty of opportunities to take advantage of th.. Bitcoin and the whole crypto market dropped today. Scott Melker addresses some of the reasons for this massive purge in the crypto market. Check out his tweet. This seems likely. China has electricity black out. Hash rate drops. Price drops. Longs start to get liquidated, pushing down price further. Liquidation cascade. 8B in longs flushed Bitcoin Hashrate Drops Over 45%, Xinjiang Grid Blackouts Blamed, BTC Price Slides 10% Since April 15, the Bitcoin network hashrate has dropped more than 49% after touching an all-time high at 218.

Bitcoin Plunges Nearly 11% in Biggest Drop Since Februar

Bitcoin Hashrate Drops Over 45%, Xinjiang Grid Blackouts

did bitcoin price drop ? Question. I sold one 850k this morning and its now at 750k, did something happen ? 23 comments. share. save. hide. report. 36% Upvoted. Log in or sign up to leave a comment Log In Sign Up. Sort by. best. level 1. 10 days ago. Oh man. 3. Reply. Share. Report Save. level 1. 10 days ago. It rises and falls with the price of bitcoin IRL. 0. Reply. Share . Report Save. Bitcoin Price Drop The drop in price can be considered normal price action unless it falls below crucial support levels. During a previous report, we mentioned that in order to manage risk, we would take a look at the potential downside of Bitcoin price as well. $9,400 was outlined as being a key support level.Even with the recent sell-off for BTC, it's still managed to stay above. Bitcoin's dramatic price surge in 2017 that saw it reach record highs was caused by a single cryptocurrency trader, according to a new study.. University of Texas Professor John Griffin and Ohio. Bitcoin price suffered a massive drop over the weekend, erasing most of its gains when it reached its all-time high. Woo also suggested that the Bitcoin sell-off was also due to the anticipation of miners going offline in China, which triggered the liquidation of short-term speculator positions. 9000 Bitcoin were sent to Binance, which Woo pointed out as a sell-off from those with closer. Bitcoin plummeted as much as 17% on Monday, its biggest single-day decline since March. Bitcoin hit a record high of $34,792.47 on Sunday. The cryptocurrency had soared by 171% in the fourth.

Bitcoin (BTC) Price Prediction 2021, 2022, 2023, 2025-2030

  1. Bitcoin's value took. For some, it regarded like the start of the tip. For others, it was a fantastic alternative. For some, it regarded like the start of the tip. For others, it was a fantastic alternative. Tuesday, April 20, 2021. CRYPTO NEWS BTC.
  2. ent regions for Bitcoin
  3. Cryptos Bitcoin drops further below key $50,000 level after Yellen calls it 'extremely inefficient' Last Updated: Feb. 23, 2021 at 7:05 a.m. ET First Published: Feb. 23, 2021 at 4:54 a.m. E
  4. Bitcoin price drops 5% after not breaking USD 60,000 - here's why. by Staff Writer. March 21, 2021. in Price Analysis. 0. 189. SHARES. 1.5k. VIEWS. Share on Facebook Share on Twitter. ADVERTISEMENT. Related articles. The Balancer (BAL) price rises to a new all-time high: What is driving the rally? April 15, 2021. Bitcoin can hit $ 92,000 in April and still doesn't match bull RSI spikes.
  5. Bitcoin Price Drop: Are Elon's Tweets Killing Crypto? Jacob Wolinsky - Feb 23, 2021, 3:05 pm. 0 . After reaching new heights of $58,300 last week, Bitcoin's upward trajectory faltered over the weekend, dropping as low as $45,000. ETH acted in similar fashion, dropping as low as $1,546.53, leading to concerns about an asset dump. Some are citing Elon Musk's tweets about bitcoin as the.
Bitcoin network hash rate drop may not have caused BTC

Why Do We Get Extreme Bitcoin Price Drops? CoinMarketCa

  1. Why Bitcoin's price has dropped by 5% since struggling to crack the $60K barrier. Bitcoin General News. March 21, 2021. Spread the love. BTC fell below $56,000 on Sunday, as many bearish indicators appeared. Bitcoin (BTC) fell below $56,000 on March 21 after being repeatedly rejected by the $60,000 resistance mark over the previous four days. BTC/USD 1-hour candle chart. Source: Tradingview.
  2. After Bitcoin price rose to a high of $19,580, it experienced a sudden drop to $17,250. Now it is tarding at around $17,057 (-11.23%)
  3. 3 Bitcoin price metrics show bulls were not fazed by today's $1.6B liquidation; Can't beat 'em? Join 'em: Mastercard and Visa make a case for Bitcoin; This article is published on BitPinas: The Bitcoin Crash Sees Price Drop to $47k (Feb. 23, 2021) Please share and grow the BitPinas community
  4. g new heavy hitters such as Binance.
  5. I think that the price of Bitcoin will not drop below $10K again, but we are never safe from a Black Swan event like the coronavirus pandemic that hit the world in March 2020. As for the other questions, you might think that since you're wondering, it's too late to buy Bitcoin. If you stick to the rules of the stock market, that's what it says. The Bitcoin market is different from the stock.
Bitcoin Price Prediction: Bullish Trend Intact as China

Following a drop of 10% in just 4 hours this weekend, investors wonder how low bitcoin can dip Bitcoin weekend price drop - biggest in nearly 2 months As for the headline to this post, here is the argument on China's power blackouts triggering the drop: blackout in China's Xinjiang region. Bitcoin Drops as Elon Musk Suggests Prices 'Seem High' Bitcoin prices lose ground as Elon Musk suggests prices seem high. Author: Rob Lenihan Publish date: Feb 22, 2021 10:38 AM EST. Bitcoin was. Bitcoin has grown significantly since the beginning of 2021. It is important to be very well informed before making an investment decision. That's why we have prepared this Bitcoin price prediction for April 2021.. Bitcoin has a market cap of $1,030,098,399,733, and the circulating supply is currently at 18,655,412 BTC out of the maximum supply of 21 million. $60,820,709,212 worth of BTC has.

Bitcoin price has suffered its second-largest drop in a 24-hour period in 2019. Currently, the price is approximately $9,632 USD per coin, but across the day, its movement has been constant. The world's largest cryptocurrency by market value closed yesterday at $9,412.81 on Bitstamp; down 13.25% from its opening price of $10,848 The drop caused by the expiring options then hinted that the forecast might be correct after all, only for the price to start correcting and once again head towards $60k. However, judging by the new set of contracts, it might be that the forecast regarding Q2 might still hold, as Bitcoin's stock-to-flow model did indicate that the coin will end the quarter at $80,000 per coin Bitcoin plunged as much as 18% on Tuesday, its largest intraday drop since January 2018. The digital currency fell as low as $7,944, before bouncing back to $8,500 later on Tuesday afternoon. World News - UK - Bitcoin Price Drop: BTC Plunges 85 Percent - Just Days After Hitting Record High. By. admin - April 18, 2021. 0. 6. Facebook. Twitter. Google+. Pinterest . WhatsApp. When you sign up, we will use the information you provide to send you these newsletters. Sometimes they contain recommendations for other related newsletters or services that we offer.To learn more about.

Bitcoin Takes Big Plunge as Price Drops to $30,000

CNBC reported on Monday that bitcoin dropped 10% following Musk's tweet, but it didn't stop there. It eventually dropped 21% off its high, to $45,393. It eventually dropped 21% off its high. Bitcoin (BTC) Price Prediction - March 22. According to the daily chart, the Bitcoin price is yet to gain strength above the $60,000 resistance as the coin keeps showing a few bearish signs The recent drop in the price of Bitcoin has hit miners quite hard. As their work is no longer profitable, some of them have had to stop mining BTC, which has impacted the hashrate and the average daily block time. Will it delay the next halving? The escalating COVID-19 Coronavirus Pandemic has caused panic among investors . In the past couple of weeks, BTC/USD trading has been strongly. Bitcoin Bitcoin price drops hours after BitMEX cofounders charged by CFTC. Published. 4 months ago. on. October 2, 2020. By. Alisha Roy. Image Source: Pixabay . Share; Tweet; The premier cryptocurrency was trading near $10,612 at the time of writing and is also representing a roughly 4% decline over the past 24 hours, according to data from trading view. Prices dropped by nearly $300 in just. After reaching a new ATH of around $58,300, Bitcoin has been in strong fluctuations in the past several days, ranging from $45,000 to $52,000. The recent trend of Bitcoin price seems to be a bit bearish since it has not yet stabilized above $50,000

Bitcoin news LIVE - Safemoon records 99% rise as Bitcoin

With the price of Bitcoin hovering around $33,000, analysts think a drop to $26,000 is likely if it fails to get sustained at $30,000. Bitcoin closed Wednesday at $35,503 on Coinbase while. A recent report from Coin Metrics indicates the upcoming halving could lead to a Bitcoin price drop caused by increased sell pressure from miners Bitcoin price suddenly dropped more than 11% after the crypto community was hit with news of double-spend vulnerability of the Bitcoin public ledger. Notably, Bitcoin dropped below the $30k level.

Bitcoin price drops as much as 15% days after recordBitcoin price drops to $52K, liquidating almost $10BBitcoin price: Did a power cut in China cause cryptoBitcoin Price Drops as Turkey Bans Crypto Payments AmidBitcoin price drops after Turkey bans cryptocurrencies

Bitcoin Price drops over $1000 after SegWit2x hard fork suspension. 12 November 2017: $5555 Bitcoin Price low while Bitcoin Cash Price spiked to $3486 from $650 in 3 days then fell back to $1300 the next day. 16 November 2017: $8000 Bitcoin Price hits a new record high on news about $103 billion hedge fund to trade in bitcoins, Amazon to accept bitcoin and bitcoin to trade on Wall Street via a. Bitcoin Price Drops and it is Unclear Why. Late trading on Saturday saw the price of Bitcoin drop by as much as 15 percent. This drop represents the biggest drawback in price since February. The dramatic drop came just a matter of days after hitting new highs. Analysts and investors are unsure of what caused the weekend sell-off. Ray Dalio, billionaire investor and founder of Bridgewater. Exclusive Bitcoin (BTC) Drops to 'Make or Break' Support Level. By Valdrin Tahiri . 25 March 2021, 07:31 GMT+0000. Updated by Kyle Baird . 25 March 2021, 07:30 GMT+0000. Share Article. Share Article . In Brief. Bitcoin is trading above support at $52,500. Short-term indicators support a bounce. BTC is trading inside a potential descending parallel channel. promo. Want to learn how to trade. Bitcoin's price risks another drop with more gains could start a pump towards the $62K level. The hourly MACD is slowly moving into the bearish zone with the hourly RSI being below the 50 level. DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your. Bitcoin prices dropped from approximately $60,000 to less than $56,000 in a matter of hours. India's looming ban on cryptocurrency may have been one factor that affected prices early Monday morning. Other factors include transfers concerning the Gemini exchange and mass liquidations of long orders. Share this article. A flurry of bad news about exchange inflows and an India-wide crypto ban has. The Bitcoin price just dropped below $9,900. The $10,000 support level is described as a key psychological support level as the markets retrace. If BTC stays below this level it could foreshadow much larger drops, according to recognized crypto traders. BTC/USD by TradingView. Cryptocurrency traders like DonAlt said that the breakdown of key lower level supports, including $9,600, could fuel a.

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