Rise of Icarus: bitcoin fell by $ 700 after a jump above $ 9000

Last night, the bitcoin rate for the first time in a year reached a record high of $ 9000, but after 20 minutes the price fell to $ 8600, and by the end of the day dropped to $ 8300.

As a result of the jump at about 19:00 on May 30 VTS peaked at $ 9,090, the highest in the last 12 months. However, sellers quickly stopped the upward movement. This led to a rapid collapse, during which the rate touched the $ 8000 level. Subsequent attempts by the bulls to use the rebound for recovery were unsuccessful, but they managed to stop further decline.

At the time of this writing, bitcoin is trading at $ 8,300, having dropped 4.83% over the past 24 hours. Such abrupt changes may be related to the news from the crypto investment company Dadiani Syndicate, which reported that an unknown investor had contacted it, interested in buying a quarter of the BTC in circulation. According to the founder of Dadiani Eliza Dadiani, for achieving the goal, it can have a significant impact on the market.

Altcoins also felt an increase in market sentiment pressure and most coins lost 7-12%. Over the past 24 hours, the total cryptocurrency market capitalization has decreased by $ 20 billion, and the trade turnover exceeded $ 101 billion..

Bitcoin Live Stream – Realtime BTCUSD Price and Price Action

Ether (ETH) fell 9.7% to $ 255, while XRP lost 8.65% and is now trading at $ 0.4216. Bitcoin Cash (BCH), EOS and Litecoin (LTC) Prices Down 9.94%, 8.13% and 7.98%, respectively.

Rise of Icarus: bitcoin fell by $ 700 after a jump above $ 9000

In the top 30 coins, Bitcoin CB (BSV) suffered the greatest losses, which after a 90% jump in the rate amid false news, today lost 19.4% and fell to $ 186.5.

Recall that according to research by Bitwise, overestimation of trading volumes by crypto-exchanges does not affect the bitcoin rate.

Rise of Icarus: bitcoin fell by $ 700 after a jump above $ 9000

text: Ivan Malichenko, photo: Shutterstock

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