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Writer's pictureFahad H

Bitcoin’s Price Flash Crashes $1,500 in 24 hours, Is $7,500 subsequent?


Tuesday Sept. 24 – Bitcoin’s worth is retracing quickly from over $9,800 to $8,150 in lower than a day and for the primary time in months.

Bitcoin 24 hour price chart. Source: Coin360

Bitcoin 24 hour worth chart. Source: Coin360

The Bitcoin worth flash crashed laborious, dropping near $800 in just some minutes to indicate double-digit losses, down 11.4% whereas presently buying and selling at $8,150 as of press time.

According to knowledge from Coin360, Bitcoin buyers are experiencing a painful Tuesday, with BTC/USD hovering near $8,100 at press time. Bitcoin’s speedy drop under $9,800 was the newest transfer in what was in any other case a sluggish grind downwards, which started initially of September.

Cointelegraph contributor Crypto Michaël just lately mentioned that the subsequent Bitcoin worth zone to observe lay instantly under the $9,800 buying and selling ranges. He added:

“Break that and investors could look forward to a test of $7,500 support.”

Bitcoin appears to be stabilizing itself across the $8,150 worth mark, as of press time.

The total cryptocurrency market cap stands at $222 billion at press time, having misplaced a whopping 20 billion in lower than an hour. Bitcoin’s share sits at 69.2%.

Keep monitor of prime crypto markets in actual time right here


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