Thursday , 14 November 2024
Home Cryptocurrency Bitcoin falls to $88,000 in a quick fall
CryptocurrencyForex

Bitcoin falls to $88,000 in a quick fall

Bitcoin has seen some bids early in US trading in the past two days, likely frontrunning ETF flows. The bulls tried that move again today and boosted it to a session high at $91,800 but despite edging above the Asian highs, there was no follow through.

Instead, a heavy round of profit taking has hit, dragging it down to $88,050, which matches yesterday’s low. Watch for stops on a break of $88,000.

This article was written by Adam Button at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Elon Musk met with Iran’s UN Ambassador in attempt to defuse US-Iran tension

In more geopolitical news:Meeting: Elon Musk met with Iran’s U.N. Ambassador Amir...

Pres. Elect Trump picks Jay Clayton as SEC Chair…again

Pres. Trump has reappointed former SEC Chair Jay Clayton for the same...

Forexlive Americas FX news wrap: Powell says no “need to be in a hurry to lower rates”

Fed's Powell: Economy isn't sending signals that we need to be in...

What is on the economic calendar in the Asian Pacific session for 15 November 2024

New Zealand, Japan and China will release economic data in the Asian...