RATE Group | Below $10K: Bitcoin Price Drops $1.4K in 24 Hours to Hit 2-Week Low
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Below $10K: Bitcoin Price Drops $1.4K in 24 Hours to Hit 2-Week Low

15 Jul Below $10K: Bitcoin Price Drops $1.4K in 24 Hours to Hit 2-Week Low

Posted at 02:09h in Bitcoin News by

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The cryptocurrency markets fell sharply on July 14 after bitcoin (BTC) endured another $1,400 sell-off, denying the bulls a chance to revisit 2019 highs.

At 09:00 UTC on July 14, BTC began to shed $1400 from its price tag, dropping below $11,000 and then $10,500 for the first time since July 2.

Prices had initially attempted to rally above $10,800 but were stopped short as a quick reversal to momentum brought prices reeling back below $10,000.

BTC’s price has since fallen victim to the continual bearish sell-off and is currently changing hands at $9,974 at time of writing.

The move down was also accompanied by a small surge in total trading volume of $2.8 billion over a 24 hours as traders looked to book profit and exit the markets in quick succession amid declining crypto prices across the board, according to CoinMarketCap data.

Major names such as ether (ETH), litecoin (LTC), XRP (XRP) and EOS (EOS) also began to fall in value at around the same time as BTC,…

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