Bitcoin Steadies After Brief Dip Below $9,000 By

© Reuters. – Bitcoin steadied on Thursday after dipping below $9,000 for the first time in a week, suggesting underlying demand for the popular crypto remained robust.

rose 0.90% to $9,291.9 on the Bitfinex exchange after falling to a seven-day low of $8,980.

Traders appeared wary of initiating large bets on bitcoin amid uncertainty as to whether the popular crypto faced further downside pressure following three-straight days of losses.

While there was no clear reason for the recent weakness in bitcoin, Some crypto observers cited bitcoin’s rally to near $10,000 last week triggered resistance – price levels that attract selling pressure.

Others, however, said bitcoin’s recent rally was halted amid negative comments from legendary investor Warren Buffett.

But Buffett has long been one of bitcoin’s staunchest critics, recently claiming the popular crypto was “rat poison squared.”

Sentiment on cryptos, however, remained positive as the total market cap of cryptocurrencies was steady at about $435 billion, at the time of writing, a modest uptick from about $434 billion on Tuesday.

fell 1.45% to $0.79815 the Poloniex exchange, while fell 0.02% to $744.32.

rose 4.27% to $1,640.10, while fell 0.04% to $157.19.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link

Related Posts

Add Comment