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Cryptocurrency

Crypto Market Update: Bitcoin Drops By 6% as Market Falls

Crypto Market Update: Bitcoin Drops By 6% as Crypto Market Falls

  • Bitcoin has lost 6% of its value as of Thursday morning, following a crypto market drop
  • The flagship cryptocurrency fell from $34,800 to $32,920 between Wednesday night and Thursday morning
  • Other cryptocurrencies also lost value, including Ethereum dropping to $2,200 and Dogecoin dropping to $0.21

Bitcoin was trading 6% lower after falling from $34,800 to $32,920 per coin between Wednesday and Thursday morning.

Bitcoin

Analysts at Cointelegraph have stated that the recent drop of Bitcoin invalidates a bullish setup that would have seen the cryptocurrency rise to $39,000.

The last price movement was partly influenced by an unknown whale who tried to short with over 5,000 BTC.

Rival cryptocurrencies were not left out of the drop as Ethereum and Dogecoin dropped to $2,200 and $0.21 respectively.

Read also: Man Loses N14m in Online Dating Cryptocurrency Scam

Meanwhile author and financial expert Robert Kiyosaki has predicted that financial markets were moving towards the worst crash ever.

Kiyosaki has celebrated the Bitcoin sell-off, claiming that he wants to buy it at a lower price.

The “rich dad poor dad” author also predicted a drop to $24,000 for the flagship cryptocurrency.

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