Bitcoin continued shrinking today, as the legacy cryptocurrency slipped down to the $5,600 per single coin level at mid-day. But surprisingly, the rest of the crypto market defied the usual trend, heading in the opposite direction and gaining strongly even as its flagship took on water.
The air was too thin at the $6,000 per single-coin level for bitcoin investors, so today marked a slight retreat from the weekend’s lofty levels of $6,100-plus.
Legacy bitcoin checked in at around $5850 at mid-day today, retracing the heady climb over $6,000 that marked the end of the week.
Momentum has changed on legacy bitcoin’s drive toward $6,000, as prices held at the $5,600 per single coin level for the second consecutive day.
The surge on legacy bitcoin (BTC) began last week, boosting prices from a temporary valley of $4,800 up to today’s mark,
The bitcoin surge continued today, rising more than six percent to yet another all-time high of $5,600 per single coin. That good news lifted the entire market, as green arrows filled the screens and investors poured money into the market.
The price surge on legacy bitcoin (BTC) began several days ago,
October is historically a scary month. Yes, there’s Halloween, but it’s also the period when the US Great Depression began with a resounding stock crash. Those antecedents may explain the recent caution in the cryptocurrency market, which has stalled in a comfortable rut for the last week.
Bitcoin continued marching sideways today, clocking in at the $4,300 single-coin level at mid-day on Thursday, up slightly more than two percent from yesterday’s trading. The legacy bitcoin (BTC) market appears to be in the doldrums after a steep run-up from the $3,500 level at the end of September.
It was a red arrow Thursday in the cryptocurrency markets on Thursday, as profit-taking (or, if you’re a pessimist, a full-on retreat) took over the pricing indexes.
The red arrows saw legacy bitcoin (BTC) slump to just over the $3,700 mark at mid-day,