RATE Group | Bitcoin wipes out February gains amid selling pressure
81010
post-template-default,single,single-post,postid-81010,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 wipes out February gains amid selling pressure

27 Feb Bitcoin wipes out February gains amid selling pressure

Posted at 11:38h in Bitcoin News by

[ad_1]

The plunge comes in the backdrop of a slowing global economy that has been crippled by coronavirus, COVID-19, which is slowly turning into a global pandemic.

Image: Reuters

Image: Reuters

Bitcoin continued to crumble under selling pressure, falling below $9,000 levels for the first time since January 28.

The world’s largest cryptocurrency plunged 5.55 percent on February 26 to settle at $8,800. It was again trading in the negative territory at the time of publishing this copy.

bitcoin

The massive sell-off has put Bitcoin in bear territory and only a close above $10,028 (Monday’s high) could turn the tide in favour of bulls,…

[ad_2]

Source link

Tags:
, , , , ,