Bitcoin Price Retests $8,000 Following 21.37% Drop – Is $11,000 Next?19

Bitcoin has made a come back following three days of depressive price movements that led to a 21.37 percent drop.

The world’s leading cryptocurrency started Sunday while trending in positive territory. The asset’s rate against the US dollar surged by circa 11 percent to settle a session high at $8,041 on Coinbase exchange. The move brought approximately $12 billion to the bitcoin market, with maximum influx coming from Tether’s stablecoin USDT. Nonetheless, the uptrend slowed down ahead of the European session, hinting that a downside correction might still be underway.

Original source
https://www.newsbtc.com/2019/05/19/bitcoin-price-retests-8000-following-21-37-drop-is-11000-next/

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