Bitcoin (BTC) $105,855.03 -1.33%
Ethereum (ETH) $2,415.10 -2.89%
Tether (USDT) $1.00 -0.01%
Solana (SOL) 146.471988 -6.08%
Cardano (ADA) $0.54 -5.32%
Chainlink (LINK) $12.89 -3.31%
Litecoin (LTC) $84.00 -2.43%
Polygon (MATIC) 0.25693 2.45%
Helium (HNT) 2.186431 -4.54%
Dash (DASH) $19.30 -4.60%
X-CASH (XCASH) 2.0E-6 0.09%
Dogecoin (DOGE) $0.00 -6.43%

Cryptocurrencies: 26528

Markets: 104108

Market Cap: $3,252,661,054,877

24h Vol: $97,856,008,203

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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