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Bitcoin Drop Continues During Holiday Trading


Bitcoin’s correction continues apace. The annual drop in the price of Bitcoin before or during the Chinese New Year could is due to the merrymakers' cashing out' for the holidays. Bitcoin has dropped nearly 50% from its all-time high and so has Grayscale's Bitcoin trust. Bitcoin drop continues during holiday trading. The 24-hour price movement chart indicates that $51,240,142,239 worth of BTC was trading. 12, right around the corner. Bitcoin markets bitcoin drop continues during holiday trading were a bit choppy during the trading session on Tuesday as we continue to sit at the 200-day EMA. Bitcoin, the most popular and valuable token, fell by more than 20 percent in early morning trading before recovering some of its losses. The bitcoin price climbed to almost $65,000 per bitcoin this week, up around 800% on this time last year, before falling back— with investors trying to call where the bitcoin market top could be.3) Most Bitcoin investment buyers (HODLers) purchase during the week and spend time with family, chores etc. But unlike in previous years, some analysts and traders say the “Chinese New Year Dump,” a belief bitcoin’s (BTC. The absence of buying demand from those coinucopia bitcoin atm near me HODLers on weekends can lead to a price drop as mined coins are continuously dropped onto the market The most recent instance when bitcoin prices tumbled to a two-month low of $6,647.33 during the weekend of June 9 was attributed to the news of hacking of the South Korean cryptocurrency exchange. As of February 24, 2021, 18. doge btc chart


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