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    Bitcoin Loses More Than $600 Under 5 Minutes, Drops To $11,200

    BTC dominance, meanwhile still strong at above 70%.

    The Weekend Is Here And Bitcoin Volatility is Back in the Market.

    Bitcoin has been trading around $11,842 when a sharp plunge took BTC to $11,200 in less than 5 minutes.

    However, it managed to not drop to the $10,000 level.

    Today, Bitcoin has been trading at as high as $11,976 but is currently trading at $11,330 with 24 hours loss of 3.48% on Bitstamp.

    In the past 24 hours, the trading volume managed by Bitcoin is still low at $853 million, which could be attributed to the weekend.

    Analysts and traders have been expecting a drop to $11,000 and Bitcoin did just that.

    “Going out. Lower highs. Primary concern is we closed above mid range level at 11.8k. Still held down by trend line at the moment. No closes through it. Hoping to see reversetetris.exe,” analyzed trader CryptoISO.

    This, however, has brought back the call for $8,000.

    As Bitcoin takes a hit, top 15 altcoins go red by as much as 4.45%.

    Source: Coin360

    This has the total market cap fall below $300 billion level, at $294 billion.

    BTC dominance meanwhile, is still going strong, currently at 70.87% as per TradingView.

    Bitcoin (BTC) Live Price

    1 BTC/USD =$7,339.8786 change ~ 3.08%

    Coin Market Cap

    $134.41 Billion

    24 Hour Volume

    $7.8 Billion

    24 Hour VWAP

    $7.29 K

    24 Hour Change

    $226.3067

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    AnTy
    AnTy
    AnTy has been involved in the crypto space full-time for over a year now. Before his blockchain beginnings, he worked with the NGO, Doctor Without Borders as a fundraiser and since then exploring, reading, and creating for different industry segments.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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