[2018-04-26] Markets Update: Bears Return to Crypto Markets for Some Action

[limek]

On April 25 digital assets are seeing volatile price declines today across cryptocurrency markets worldwide. Over the past 24-hours, the entire cryptocurrency market capitalization has lost more than $30Bn since our last markets update. Bitcoin Core (BTC) market prices are averaging $8,920 right now after tumbling to the $8,700 territories earlier today. Bitcoin (BCH) market values have also dropped from their $1,550 high and currently hover around the $1,270 zone.

Bears Claw BTC Prices Below the $9K Zone

Bears have managed to claw digital asset markets as many are nurturing fresh losses today. BTC/USD prices are seeing a 24-hour decline of around 4.19 percent as prices have dipped below the $9K zone. Trade volume for BTC markets is still very steady and there’s a lot of action taking place with $11.9Bn traded over the past 24-hours. The top five exchanges swapping the most BTC include Binance, Bitfinex, Okex, Huobi, and Bitflyer. Meanwhile, the Japanese yen captures 49 percent of today’s BTC trades. This is followed by the USD (26%), tether (USDT, 14%), the euro (4%), and the South Korean won (3.3%). The euro has jumped above the won’s metrics as the currency takes the fifth global position today.

Read more: https://news.bitcoin.com/markets-update-bears-return-to-crypto-markets-for-some-action/

[hatshepsut93]

The price has increased too quick, so there were pretty big chances of correction, as the market is still cautious considering the crash from the ATH that was not so long ago. I would personally prefer if Bitcoin stabilized instead of jumping up and down, since lower volatility would serve as a signal for bigger investors to get in. The market has been extremely unpredictable during the last year, no one even though that it will go from 1k to 20k, and then crash to 6k, so this recent pullback doesn't really mean anything - we might see a new ATH within months, or maybe it will sink really low.

[gabbie2010]

Personally  I was expecting the pullback it obvious the price broke through a resistance at $9K and definitely a retracement or pullback of the price to touch resistance turned support before any possibility of the bullish movement of the market presently the dip is playing out hopefully the trade volume increases in the next 24 hours.

[fargoway]

This is a usual thing what now happens on the market. The price has rocketed significantly and it was predictable that it will go down sooner or later

[dcif80]

It was nature to adjust the bitcoin price
and it should be happen around 8~8.3k but it goes up very sharply
but I hope it go up in soon and it will goes up over 20k