Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

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

Published 04/17/2021, 03:01 PM
Updated 04/17/2021, 07:40 PM
Bitcoin dips under $60,000 — What's pulling down BTC price?

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

Continue Reading on Coin Telegraph

Latest comments

But what if i want to quickly make $10,000? Anyone have any ideas?
Oh please stop the spam its ruining the plaforms comment section
do something about spam !!!
The comments section of app is going to ******
Help fix it by reporting the spam.
Investing.com, can you please get rid of the SPAM in the comments?
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
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
Dodge coin has to be gone. it has no value whatsoever
it is all because of Dodge coin and Musk that has led the people of Turkey. like i sad, he is still leading to *****
Turkey has other problems, enormous debt, dictatorship, hostility against every neighbor, violation of human rights etc. You have no clue
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.