Bitcoin Dropped Below $49,000 as Volume Continues to Decline By CoinQuora – Investing.com
- Date: 10-Dec-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
Bitcoin Dropped Below $49,000 as Volume Continues to Decline By CoinQuora – Investing.com
Bitcoin fell to $48,000 on Thursday. Meanwhile, the trading volume of the most prominent crypto by market cap on the centralized exchange continues to decline. In addition, the Bitcoin loss is nearly 5% after hovering above $50,000 in the past two days.
At the same time, most of the crypto markets are down in red. In fact, , the second-largest crypto, dropped more than 5% to around $4,100. The bearish market arrived as US stocks slipped and the US dollar index (DXY), which tracks the value of the greenback against major fiat currencies, increased by 0.2%.
Senior Market Analyst at Oanda, Edward Moya said:
Select Sector 
Select Country 
