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Bitcoin Last Slips ~4%, Below US$88,000
Recommend 2 Positive 2 Negative 9 |
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Bitcoin busted below US$88,000 in the early Asian trading session today (1st), last down 3.76%, trading at US$87,444, according to Coindesk data. Ethereum slid nearly 5%, slipping below US$2,856. Sean McNulty, Head of Derivatives Trading for Asia Pacific at FalconX, stated that market risk aversion is high as December begins. The biggest concern is now the insufficient inflow into Bitcoin ETFs and the lack of funds for buying the dip. He believed US$80,000 will be the next key support level for Bitcoin. AASTOCKS Financial News Website: www.aastocks.com |
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