Bitcoin saw a drop which only rivals its March crash on November 26 as selling pressure resulted in a landslide to near $16,000. Data from price trackers including CoinMarketCap and TradingView showed BTC/USD falling dramatically in Thursday trading, losing $17,000 support and bottoming out only near $16,300.
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Markets Report: Bitcoin circles $13,000 as amid fresh rumors of more firms buying BTC
Bitcoin’s best week in over a year shows no signs of reversing its fortunes as $13,000 stays in sight
Bitcoin spent another day challenging $13,000 on Oct. 23 as the aftermath of its rapid run to 15-month highs continued to excite investors. The past week has seen some of the most successful trading days in Bitcoin’s history, and as markets prepared to close on Friday, upward momentum showed no signs of reversing.
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Markets Report: Bitcoin rebounds after OKEx freeze accelerates $11K drop
News that OKEx had stopped withdrawals from its 200,000 BTC vaults brought volatility to Bitcoin, but a rebound is already on the way.
Bitcoin was on course for modest weekly gains on Oct. 16 as fresh downside took the market ever closer to $11,000 support. After hitting $11,700, this week saw BTC/USD consolidate higher, but unforeseen circumstances sparked sudden selling pressure Friday.
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Markets report: Bitcoin bulls brush off BTC price correction as $11,000 nears
Drifting away from $11,500 is no cause for concern, Bitcoin analysts say, as futures open interest keeps climbing
Bitcoin entered a third day of consolidation on October 15 as its latest gains gave way to rangebound trading above $11,000. Data from price tickers including CoinMarketCap showed daily candles retracing the path above $11,500, with analysts still confident that bulls remain in control.
