Bitcoin Slips Below $69,000 as Institutional Selling and Weak Liquidity Pressure Crypto Market
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.4 Articles
4 Articles
Bitcoin Price Eyes Powerful Recovery After Falling $69K
Bitcoin price falls below $69,000 as institutional ETF outflows and declining derivatives activity weigh on market sentiment. With RSI entering oversold territory and open interest shrinking, traders are watching key support levels for signs of a possible recovery.
According to Coinbase, cryptocurrency fell 3.60%, to US$ 68,888.83, while Ethereum fell 3.1%, to US$ 1,946.16; in the week, digital coins fell by 9% and 12.8%, respectively.
The main cryptocurrency retreated almost 5% in the last 24 hours and dragged Ethereum and other digital assets.
Bitcoin Slips Below $69,000 as Institutional Selling and Weak Liquidity Pressure Crypto Market
Bitcoin declined below its 200-day moving average as institutional withdrawals, tighter crypto liquidity and expectations of a December Federal Reserve rate hike pressured the market. Ethereum and other major cryptocurrencies also faced weakness, while analysts identified $70,000 as an important level to watch for Bitcoin’s recovery
Coverage Details
Bias Distribution
- There is no tracked Bias information for the sources covering this story.
Factuality
To view factuality data please Upgrade to Premium
