RATE Group | Friday Shows Bloodbath for Crypto Markets, Bitcoin Price At $7,300
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Friday Shows Bloodbath for Crypto Markets, Bitcoin Price At $7,300

23 Nov Friday Shows Bloodbath for Crypto Markets, Bitcoin Price At $7,300

Posted at 00:48h in Bitcoin News by

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Friday, Nov. 22 — Cryptocurrency prices are bleeding heavily, with some of the top-20 coins showing losses of close to 10% on the day.

Cryptocurrency market daily overview. Source: Coin360

Cryptocurrency market daily overview. Source: Coin360

Bitcoin (BTC) started the day just above the $7,600 price mark, when it suddenly started on another sell-off towards the $7,000 price level. The coin bounced off a local low of $6,800 in recent hours, before moving up to its current trading price at $7,300, showing a loss of close to 4% on the day.

The world’s largest cryptocurrency is down around 15% from the weekly open of $8,500 and has dragged the entire crypto market into red territory. 

Bitcoin daily price chart. Source: Coin360

Bitcoin daily price chart. Source: Coin360

BTC could be testing below the $7,000 price mark

Popular crypto analyst and regular Cointelegraph contributor Filb Filb recently said that after looking at the daily chart, “it is clear that Bitcoin has hit the bottom of the downward channel in which it has been trading since July.”

However, Filb Filb pointed out…

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