RATE Group | Bitcoin (BTC) At $3,400: Crypto Analyst Looks To “Cockroach” News
51929
post-template-default,single,single-post,postid-51929,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Bitcoin (BTC) At $3,400: Crypto Analyst Looks To “Cockroach” News

08 Dec Bitcoin (BTC) At $3,400: Crypto Analyst Looks To “Cockroach” News

Posted at 04:45h in Bitcoin News by

[ad_1]

Crypto Rebounds (Slightly), Bitcoin (BTC) Still Under $3,500 

To say that crypto’s past 24 hours have been chaotic would, frankly, be putting it rather lightly. While Bitcoin (BTC) recently underwent a slight recovery to move above $3,400, the past day has seen the aggregate value of all cryptocurrencies range between $100 billion and $115 billion. The $100 billion figure, seen for a few fleeting minutes on Friday, has been lauded as a “make or break” level for this nascent industry at large.

This tumult, which is undoubtedly a worrying sight for crypto’s bulls, was backed by a jaw-dropping $20 billion ($10 billion adjusted) in 24-hour volumes, which comes directly after a relatively measly $14 billion Thursday. Interestingly, Friday’s action was backed by the highest daily volume in December so far. 

Now, as always, let’s talk about BTC, the asset that dictates crypto’s day-to-day.

After yesterday’s Ethereum World News market update, BTC continued to falter,…

[ad_2]

Source link

Tags:
, , , , , ,