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Tuesday

22 October 2019

Bitcoin Price Hits $8.8K Only to Crash in a ‘Logistical Move’ — Trader

Bitcoin Price Hits $8.8K Only to Crash in a ‘Logistical Move’ — Trader


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Daily losses for Bitcoin totaled 2.3% at press time, while the largest cryptocurrency remained up 2.6% versus the same point last week. .

Previous ETF denials had piled downward pressure on Bitcoin, suggesting markets this time had already price in a negative decision.

Van de Poppe said that $8,300, as the monthly opening price, would form support, while resistance closer to $8,500 remained “significant.”

The overall cryptocurrency market cap was $226 billion at press time, with Bitcoin’s share slightly down at 66.8%.

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cointelegraph.com
Market data feeds provided by cryptocompare.com
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