RATE Group | Bitcoin tumbles to $7,300, why no one wants to by the dip?
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Bitcoin tumbles to $7,300, why no one wants to by the dip?

12 Mar Bitcoin tumbles to $7,300, why no one wants to by the dip?

Posted at 10:11h in Cryptocurrency News by

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  • Bitcoin, Ethereum and Ripple post worrying losses in a crypto market that is mainly in the red.
  • Binance supports trading of futures against BTC via its recently launched cross collateral function.

Bitcoin bearish party seems to be utterly unstoppable. The selling pressure has been unrelenting on Thursday and could last throughout the day’s trading sessions. Data by CoinMarketCap shows that the market cap has lost over 17 billion from the $223 billion recorded on Wednesday to $206 billion at the time of writing.

The reported trading volume is, however, on the rise, from $136 billion to $144 billion in the same period. Intriguingly, Bitcoin dominance has increased from 64% to 65.6%, to show that altcoins led by Ethereum have taken a huge plunge.

BTC/USD continued with the breakdown, sliding below $7,400. The losses closed in on $7,300 but formed an intraday low at $7,305. Bitcoin price is trading 7.21% lower on the day. The trend remains bearish while the

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