BTC price trims $1,600 in under two hours thanks to pressure from sellers near $20,000, while Ether also tanks below $600.
Bitcoin sheds $1,600 in under 2 hours
Data from Cointelegraph Markets and TradingView tracked BTC/USD as it delivered some of its most unpredictable moves in history.
At press time, the pair was moving in a range roughly bordered by $18,500 and $19,000, with conditions changing by the minute.
Just an hour previously, an attempt to crack $20,000 resulted in a firm rejection along with a $1,000 dive to $19,000 in under ten minutes.
The move mimics Bitcoin’s behavior from last week, during which an initial attempt to break $19,500 also sparked major problems.
As reported on Monday, traders will now likely be watching the newly established BTC futures gaps, between $16,900 and $18,300, which may get “filled” if the price corrects futher.
Ether price disappoints at Ethereum 2.0 launch
Meanwhile, volatility spilled over to altcoins, with Ether (ETH) abruptly losing $600 to trade closer to $575 at press time, thus reversing the previous day’s gains.
The performance puts a dampener on the launch of Ethereum 2.0, Ether’s parent network’s long-awaited protocol upgrade.
Source: , CoinTelegraph
Articles listed with Cash Tech News as the author are either general information, or may have been imported from another website, to bring our readers a rich media experience that encompasses articles that we find interesting, as well as those curated by others.
The views and opinions expressed here are for informational purposes only, and should not be confused with professional financial advice. These opinions are solely those of the author and do not necessarily reflect the views of CashTechNews.com. Every investment and trade involves risk. You should conduct your own research, and contact your professional financial advisor before making any investment.
Corrections, feedback, and ideas should be submitted through the website contact form.