Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Ozark on October 16, 2018, 03:34:44 PM

Title: Will 6,000 Hold This Time?
Post by: Ozark on October 16, 2018, 03:34:44 PM

Bitcoin lost almost 5 percent in minutes on October 11th, dragging altcoins down as cryptocurrency markets followed stocks in a fresh tumble.

Data from Coinmarketcap captures a sudden slide for BTC/USD taking the pair down over $400 in a 30-minute window beginning around 11:00 p.m. on October 10th.

By 12:00 a.m. EST, Bitcoin (BTC) $6612.98 +0.04% had reached a low of $6087 – a maximum drop of $470 – while managing to sustain support to keep trading above the $6000 barrier. More here (https://bitcoinist.com/bitcoin-sparks-cryptocurrency-volatility-as-traders-patch-bleeding-stock-markets/).