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Cryptocurrencies: 29493
Markets: 111749
Market Cap: $2,192,830,582,401     
24h Vol: $64,204,327,906
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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