Bitcoin dips below $ 7,000, hitting the lowest in 2 weeks




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Bitcoin prices fell to $ 7,000, touching a minimum of two weeks. [Shutterstock

Bitcoin prices fell below $ 7000 today, reaching their lowest since mid-July.

The price of the digital currency has dropped to a minimum of & nbsp; $ 6,933.09, according to the & nbsp; CoinDesk Bitcoin price index (BPI). & Nbsp;

At this point, fell about 6.5% for the day, show additional figures for BPI.

[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]

Recent Bitcoin Recovery

2018 low of $ 5785.43 in June, Bitcoin prices have rebounded rising to $ 8.479 , 33 July 25.

More or less during that time, several analysts stated that the price of the digital currency had reached a local minimum, signaling an inversion of their tendency.

"Bitcoin has actually hit the bottom," said M arouane Garcon, CEO of & nbsp; cryptographic cryptographic derivatives platform & nbsp; Amulet .

Charles Thorngren, & nbsp; CEO of & nbsp; Noble Alternative Investments agreed with this statement, adding that "" "" "" "was not shared by anyone, that point of view, with some market observers arguing that it was too early to call a fund.

" I'm worried that the rebound in the bass was not acute enough, so not willing to sustain a call that is still a starting point," he stated that Vinny Lingham, co-founder and founder CEO of & nbsp; Civic.com . & Nbsp;

The recent withdrawal of Bitcoin could easily worsen this uncertainty, motivating some traders to sit down and wait the markets are oriented.

Dissemination: I own some Bitcoins, Bitcoin Cash and Ether.

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Bitcoin prices have fallen less than $ 7,000, touching a minimum of two weeks. it fell below the $ 7000 level today, reaching its lowest level since mid-July.

The price of the digital currency fell to just under $ 6,933.09, according to CoinDesk Bitcoin Price Index (BPI).

At this point, it decreased by about 6.5% for the day, show further BPI data.

[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]

Recent recovery of Bitcoin

From the achievement of a minimum 2018 of $ 5785.43 in June, Prices bitcoins rebounded to $ 8,479.33 J uly 25.

At that time, several analysts said that the price of the digital currency had reached a local low, signaling an inversion of their trend.

"Bitcoin has actually hit the bottom," said M [19659009] arouane Garcon, CEO of the Crypto-to-Crypto derivatives platform Amulet .

Charles Thorngren, CEO of Noble Alternative Investments, agreed with this statement, adding that "an attractive uptrend" was "in progress".

However, not everyone had shared this view, with some market observers arguing that it was too early to call a fund.

" I'm worried that the bass rebound was not acute enough, so I'm not willing to sustain a call that is still a starting point," said Vinny Lingham, co-founder and CEO of Civic. com.

The recent withdrawal of Bitcoin could easily worsen this uncertainty, motivating some traders to sit down and wait while the markets are oriented.

Disclosure: I own some Bitcoins, Bitcoin Cash and Ether.


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