Wednesday , January 20 2021

Bitcoin sinks to its lowest level since 2017



Bitcoin, the largest market-backed cap, fell 4.8 percent to $ 3,388 on Monday, printing at its lowest level since December 17, 2018.

This was not well above $ 3,136, the lowest level of Bitcoin since September 2017. Its rivals Ether (-7.21%), litecoin (-4.7%), and Battle Money (-8.77%) were also under pressure.

"The movement of crypto-artists today is nothing more than technical," said Matt Greenspan, senior eToro market analyst at Business Insider.

"Bitcoin continues to trade within the main support area of ​​between $ 3,000 and $ 3,500 in the broader range of $ 3,000 – $ 5,000 where he was in November 2018."

Digital currency investors saw the price explode in 2017, as cryptomaniak flooded the world. Bitcoin started in 2017 worth less than $ 1,000 a coin before rising by more than 2,000% to $ 19,511. However, the year 2018 was a different story, with the value of cryptoLight dropping by 70%.

So far this year, Battlecourse has returned to its bad habits from 2018, which is 10% less.

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