Bitcoin Plummets Below $100,000, Faces Crucial Resistance Test

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Bitcoin, the world's most famous cryptocurrency, reached the 100,000 dollar mark in December. This was partly due to Donald Trump's election victory, who...

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Bitcoin Plummets Below $100,000, Faces Crucial Resistance Test

Bitcoin’s price has taken a nosedive, plunging below the $100,000 mark and triggering a near-10% drop. This sudden decline has sparked concerns among investors. BTC is currently trading below $99,500, struggling to stay afloat against the 100 hourly Simple Moving Average. A key bearish trend line is forming, with resistance at $96,200. This trend line is a critical juncture for Bitcoin. If BTC can’… Source

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SINGAPORE: Cryptocurrency prices fell as investors fretted over the prospect of a global trade war and moved away from riskier assets. Bitcoin fell more than 4 percent in early Asian trade and touched a three-week low of around $96,606. Ether plunged about 12 percent, returning to levels not seen since early […]