Ethereum Falls to a New Low, Bitcoin Breaks Below $8,000

in #bitcoin7 years ago




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Ethereum’s worth has fallen to the bottom stage in months, under the latest temporary low in February to a brand new low of round $550 on the time of writing.

The forex is down one other 10%, falling at present by $50 from $600 to $550, considerably decrease than its all time excessive of $1,400.

While its buying and selling volumes now stand at close to $1 billion, led by OKex and the BTC pair, with Bithumb no the place in sight.

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Ethereum’s latest worth motion on day by day candles.

Bitcoin, in flip, has as soon as once more fallen under $eight,000, however considerably standing above its latest low of $6,000.

Its buying and selling volumes, nevertheless, are down too, to simply round 10% of their highs in December now standing at $four billion. Led by Bitfinex, with OKex’s USDT pair following.

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Bitcoin’s latest worth motion on day by day candles.

The story repeats throughout the board. Everything is down round 10%, with some cash or tokens falling one other 20%.

Global crypto buying and selling volumes have reached one other low at round $10 billion, with a bear market so seemingly persevering with.

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For future viewers: price of bitcoin at the moment of posting is 8405.00USD

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