RATE Group | Bitcoin Dips Below $3,400 as Market Volatility Continues
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Bitcoin Dips Below $3,400 as Market Volatility Continues

12 Dec Bitcoin Dips Below $3,400 as Market Volatility Continues

Posted at 01:17h in Bitcoin News by

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Tuesday, Dec. 11: crypto markets have continued moving in a downward trend after challenging a recovery attempt on Sunday, Dec. 9. Almost all of the top 20 coins have seen losses over the 24-hour period, with Bitcoin SV (BSV) down the most, seeing just over 6 percent losses.

Market visualization from Coin360

Having failed to hold $3,500 support yesterday, Bitcoin (BTC) has briefly dropped below the $3,400 threshold earlier today. However, the intraday low $3,397 is still not the lowest point over the week, with the coin’s intraweek low around $3,280 on Dec. 7.

As of press time, Bitcoin is trading just above $3,400, down around 2 percent over the past 24 hours.

Recently, Cointelegraph reported on Bitcoin’s increased volatility, which has risen threefold on the month.

Bitcoin 7-day price chart. Source: CoinMarketCap

Bitcoin’s share of the crypto market, or dominance, currently amounts to 55.1 percent, seeing a considerably steady increase over the past six months.

Bitcoin Market…

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