RATE Group | Bitcoin Collapses below $7,500 after Brexit Breakthrough
66279
post-template-default,single,single-post,postid-66279,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 Collapses below $7,500 after Brexit Breakthrough

23 Oct Bitcoin Collapses below $7,500 after Brexit Breakthrough

Posted at 17:18h in Bitcoin News by

[ad_1]

Bitcoin took a deep dive on Wednesday to test the levels last seen in May.

The benchmark cryptocurrency plunged by up to circa $566.29, or 7.65 percent, in just two hours of trading. The move downside brought bitcoin down to a session low of $7,402.20. While the price later corrected, its upside remained capped by the support-turned-resistance level of $7,500, hinting an extended bearish action.

bitcoin, bitcoin price

Bitcoin dips below $7,500 in latest bearish continuation signal | Source: TradingView.com

The story was the same across the other top cryptocurrencies. Ethereum, the second-largest cryptocurrency by market cap, was down 7 percent while the third-largest XRP plunged by circa 6 percent. Litecoin, Binance Coin, and Bitcoin Cash also suffered similar setbacks. On a whole, the entire cryptocurrency market cap lost about $19 billion on a 24-hour timeline.

A Random Dump after Brexit Vote?

The downside in the bitcoin and altcoin markets appeared almost a day after UK President Boris Johnson was able to…

[ad_2]

Source link

Tags:
, , , ,