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Bitcoin (BTC) Price Dips Again; Climb Back Above $8,000 Appears Tougher

CryptocurrencyJun 10, 2019 06:21AM ET
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© Reuters. Bitcoin (BTC) Price Dips Again; Climb Back Above $8,000 Appears Tougher

Bitcoin (BTC) price started to appear shaky, as a late Sunday sell-off pushed the prices down toward the $7,600 range. With that drop, the $8,000 level seems harder to regain. Interestingly, the sell-off caused a rise in the share of Tether (USDT) trading to more than 73%, after it had fallen down to 65% during the price climb.

BTC traded at $7,743.20 as of 8:00 UTC on Monday, starting a tentative recovery, but still 10% down over the past week. BTC trading volumes also retreated to $17 billion’s equivalent in 24 hours, down from a recent peak of above $30 billion’s equivalent.

Most altcoins lost their positions based on BTC valuations, with the exception of Litecoin (LTC), which is on a rising rally ahead of the halving. LTC moved ahead to $117.07, one of the few leading coins appreciating during the latest sell-off. LTC is also picking up the pace in Satoshi prices, rising to 0.01...

This article appeared first on Cryptovest

Bitcoin (BTC) Price Dips Again; Climb Back Above $8,000 Appears Tougher
 

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