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Negative news supports the decline of bitcoin during Wednesday

2019-07-24 01:13 pm | Resource: News | No Views : 26

Negative news supports the decline of bitcoin during Wednesday  Bitcoin struggled to recover above $ 10400 but the price failed to reverse recently against the US dollar. With bitcoin falling below $ 10,000 against the US Dollar. The price is likely to continue to decline and bears seem to be looking for a test of $ 9200.

The most volatile digital currency moves look again, after breaching below $ 10,000 for the third time this month. The leading currency maintained the pattern of short-term payment, followed by a collapse. BTC traded at $ 9,740.86 as of 7:40 pm Wednesday, with volumes of around $ 18 billion. After the price dropped sharply and broke the key support level of $ 10,000 to enter a bearish territory. Where the price is currently trading at a bearish angle and may test until the support level $ 9,200.

BTC is still the second best traded currency, with a 39.89% share of all encryption transactions to encode. Tether is now the leading currency, accounting for more than 33% of the entire digital asset market.

Traders see the recent rally as relatively weak, sending the BTC to the downside. BTC no longer has the drive to go for $ 12,000 or repeat the highest annual levels, and the renewed outlook sees the currency drop below $ 8,000.

The recent slide in BTC prices from the hegemony has shrunk to 65% of the total market value of all digital assets. But the lack of stability in the BTC also means that digital currencies are reeling, as many can not regulate another rise either in dollars or against bitcoin.

In other news and on the overflow of the past two weeks Congressman Tom Emmer talked about missed opportunities in not adopting bitcoin sooner. Criticized the political system by saying: "I like bitcoin ... the real thing that I like when it comes to bitcoin is that I love blockchain because I love security." I want the government to start using blockchain.

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