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Bitcoin Trades in Record $11K Daily Range After Dropping From $58K

From coindesk.com

Bitcoin traded within a record-setting $10,877 range Monday after plummeting from its all-time highs above $58,000 set over the weekend. This marks the leading cryptocurrency’s first five-figure daily price range. Bitcoin dropped from its Monday high of $57,577 on Coinbase to a low of $46,700 before rebounding to pare most of its losses toward the end of the day, trading above $53,500 at last check. So far in 2021, bitcoin (BTC, -9.89%)'s average daily price range is $3,765, per market data analyzed by CoinDesk, well below Monday's record range. Monday's sharp correction and large range was not a surprise to some ... (full story)

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  • Category: Technical Analysis