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Bitcoin dips under $60,000 — What's pulling down BTC price?

CryptocurrencyApr 17, 2021 07:40PM ET
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Bitcoin dips under $60,000 — What's pulling down BTC price?

The price of Bitcoin (BTC) declined below $60,000 on April 17 after a strong rally throughout the past week in anticipation of the Coinbase public listing on Nasdaq.

However, after the COIN listing, which is the ticker of the Coinbase stock, the cryptocurrency market started to correct.

BTC/USDT 1-day price chart (Binance). Source: TradingView.com
Bitcoin funding rates. Source: Bybt.com
The Bitcoin options market open interest is ranging. Source: Bybt.com

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Bitcoin dips under $60,000 — What's pulling down BTC price?
 

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Comments (9)
Catholic Man
CatholicMan Apr 18, 2021 7:08PM ET
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But what if i want to quickly make $10,000? Anyone have any ideas?
Henry Moradpour
Henry Moradpour Apr 18, 2021 4:34PM ET
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Oh please stop the spam its ruining the plaforms comment section
Eric Aguirre
Eric Aguirre Apr 18, 2021 12:54PM ET
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do something about spam !!!
Anthony Cloud
Anthony Cloud Apr 18, 2021 9:15AM ET
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The comments section of app is going to ******
Adrian White
Adrian White Apr 18, 2021 9:15AM ET
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Help fix it by reporting the spam.
Alex Elizov
Elizov Apr 18, 2021 6:58AM ET
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Investing.com, can you please get rid of the SPAM in the comments?
Victor Aguilera
Victor Aguilera Apr 18, 2021 5:03AM ET
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invest in schlumberger, there working with Microsoft and vhevron and they can now carbon capture %98 and then use the carbon for energy. now there starting lithium mining operation in Nevada no doubt to make the battery's to store the energy. we're getting taxed on oil for carbon and these oil company's won't have to pay any tax and can raise the price of oil because of the so called tax. crude oil is the best commodity to invest in
President Xi Jinping
President Xi Jinping Apr 18, 2021 12:09AM ET
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The entire crypto market is down, which makes clear that while retail own it, its not the pedestrian. Its retail with connections to institutions, who pump and dump it just like they do stock
Daniel Roh
Daniel Roh Apr 17, 2021 8:51PM ET
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Dodge coin has to be gone. it has no value whatsoever
Daniel Roh
Daniel Roh Apr 17, 2021 8:50PM ET
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it is all because of Dodge coin and Musk that has led the people of Turkey. like i sad, he is still leading to *****
Vv Pp
Vv Pp Apr 17, 2021 8:50PM ET
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Turkey has other problems, enormous debt, dictatorship, hostility against every neighbor, violation of human rights etc. You have no clue
 
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