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Bitcoin Price Could Close below $10K as Downside Continues

From fxdailyreport.com

The price of bitcoin fell for the second consecutive session on Sunday as investors factored in the objections raised by US President Donald Trump. Against a weaker dollar, the bitcoin price today slumped by as much as 9.78 percent to establish an intraday low of $1,0263.17, its most significant daily drop since June 30. Nevertheless, the cryptocurrency remained stronger against the majority of altcoins, with its dominance going as high as 65.7 percent. The move downside pushed the bitcoin price below $10,788.80, a crucial support level. The breakdown appeared with a rise in volume, hinting that the cryptocurrency is ... (full story)

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  • Category: Fundamental Analysis