Bitcoin (BTC) $76,676.64 -0.54%
Ethereum (ETH) $2,124.82 0.26%
Tether (USDT) $1.00 -0.01%
Solana (SOL) 84.935901 -0.10%
Dogecoin (DOGE) $0.10 -2.33%
Cardano (ADA) $0.25 0.26%
Chainlink (LINK) $9.62 1.19%
Litecoin (LTC) $54.24 0.33%
Dash (DASH) $42.90 5.86%
Polygon (MATIC) 0.25693 2.45%
Helium (HNT) 0.831701 4.23%
X-Cash (XCASH) 7.0E-6 -0.84%

Cryptocurrencies: 28960

Markets: 114116

Market Cap: $2,557,594,794,866

24h Vol: $95,209,059,350

Coin-turk.com

2023-08-16 20:05:02

Reasons Behind the Decline in Bitcoin Price: Liquidations and Institutional Influence

Reasons Behind the Decline in Bitcoin Price: Liquidations and Institutional Influence

Bitcoin momentum that caused its rise disappeared completely this week as the price of Bitcoin dropped by 3.6% in the last 30 days, erasing the 76% gain achieved since the beginning of the year. Although the Bitcoin price surged to $29,600 on August 14, it failed to reach $30,000 and remained below this key resistance level.The post Reasons Behind the Decline in Bitcoin Price: Liquidations and Institutional Influence appeared first on COINTURK NEWS.

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