Greetings dear bitcoiners and hivers, hope your week was splendid amidst the dangling btc price show. It has been a hard one if you have invested heavily on the world number one cryptocurrency.
As the weekend pulls up the price of btc seems to rebounced and pull up a bit though shuttling between #68k and $69k. A moment ago it has drop to $68,801.43, closely tracking a 1.18% drop in total market cap.
Some factors affecting this stems from broad market sell-off and ETF Outflow so, meaning that institutional demand has softened. Secondly, the derivatives deleveraging and weak volume with perpetual open interest is drop to 4.26% as shown by CMC digest. The near-term market outlook points that bitcoin is testing the Fibonacci Retracement Level at $68,694.
What to expect next is only some minutes or hours from now as we keep watching and waiting.
Meanwhile Hive price have equally show the same string of pulls along the chart line with $0.076074.
Other commodities follow suit as seen below in the table
Thanks for stopping by my blog, do have a wonderful weekend and cryptocurrency experience.
#crypto #leofinance #cent #ctp #pob #vyb #archon #aliveandthriving
