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❕NEWS Bitcoin Falls Below $30K for First Time in a Month

Y

Yusra31

Guest
Bitcoin is presently selling at 29,766$ which is the lowest price since June 22. Bitcoin's price has dropped by roughly 10% in the last week.
Several market indicators from around the internet deconstruct some of today's price activity.

For one thing demand for Bitcoin is much lower now than it was in April and May when the larger market was only going higher. According to data aggregator Glassnode, the network is now settling a third of the money it did back then.The Grayscale Bitcoin Trust (GBTC) on the other hand, has started releasing shares in large quantities onto the market. Grayscale is slated to release around 31,900 GBTC shares this month.
 
I already predicted that such fall would possibly occur , because of the market force that was pulling it when it was around $30k to $31k , really hopes the price can bounce back fast
 
I wonder how much it will or can go down.. if it can go down to 20k.. would be interesting to see and i would buy if it goes that down
 
Yesterday we witnessed bitcoin dropping yet again below $30k . Indeed it was a buy signal for many whales which made the price to recover
 

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