Cryptos Suddenly Collapse – Bitcoin Battered To 5-Month Lows

After failing to break through heavy resistance, Bitcoin has puked back below $8,000…

Source: Bloomberg

Plunging to $7450 – the lowest since May…

Source: Bloomberg

Touching its 200-day moving-average for the first time since April…

Source: Bloomberg

The entire crypto-space is a sea of red…

Source: Coin360

This is actually the second puke of the day with Litecoin leading the drop…

Source: Bloomberg

As Cointelegraph reported, analysts believe its range lies between $7,400 and $8,500. Heavy resistance has meant Bitcoin has so far failed to stay closer towards the top of that range, despite late optimism on Tuesday. 

For regular Cointelegraph contributor Michaël van der Poppe, the latest retreat simply signifies a continuation of the status quo. 

“Well, Bitcoin says; we’ll continue the ranging and won’t be breaking above $8,300 yet,” he summarized in an update on Twitter. 

While price action has underwhelmed since August,…

Continue reading…

Trending stories from over 100 sources, YouTube and Twitter
Our archive contains 134,185 news items. 765 articles added this week.