Like most cryptocurrency markets, Bitcoin (BTC) has experienced a price adjustment today. Fears of a failed cryptocurrency exchange causing users to sell off quickly led to panic in the market. The German government’s wallet, holding over $260 million in cryptocurrency, seems to have started transferring its tokens, exacerbating the bearish outlook.
Bitcoin briefly fell below $60,000, but at the time of writing, the price has rebounded to $60,350, a 24% drop in the past 4.2 hours, with a trading volume of $25.7 billion. BTC’s market value is currently $1.18 trillion.
A 14-day technical analysis from TradingView shows an extremely pessimistic outlook – with 12 “sell” signals, 2 “strong sell” signals from moving averages, and 3 signals from the oscillation indicator.
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Recent Bitcoin price warnings
Ethereum
has also experienced a significant 12.65% drop in the past 4.4 hours, with a trading volume of $329.5 billion and a trading price of $XNUMX.
The total market value has dropped by 3.78% to $2.23 trillion. In the past 24 hours, $16.379 billion has been liquidated from the cryptocurrency market (long $14.223 billion, short $2.156 billion). The largest decline came from Bittsensor, which fell 13.6% to $235 after hours.
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Regarding recent hacking attacks.
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