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Bitcoin (BTC) Sheds 3.74% of Its Recouped Value to $17,038.19

Published 16/12/2022, 15:02
© Reuters. Bitcoin (BTC) Sheds 3.74% of Its Recouped Value to $17,038.19

  • The Bitcoin market has seen a resurgence of bearish sentiment.

  • Currently, the price of BTC fluctuates between $16,993.83 and $17,725.88.

  • The bear run, according to technical indicators, isn’t done yet.

Bitcoin (BTC) has just hit a new monthly high of $18,318.53. Following this surge, investors expected the dominant digital currency to continue its stratospheric climb. When Bitcoin (BTC) hit resistance, bears swarmed in and knocked the price down to $17,364.86 at market close.

As of press time, BTC was worth $17,038.19, a 3.74% decrease from its intraday high of $17,725.88.

Both market capitalization and 24-hour trading volume fell by 3.71% to $327,691,416,819, and 12.71% to $22,658,484,894, correspondingly, contributing to this loss.

The post Bitcoin (BTC) Sheds 3.74% of Its Recouped Value to $17,038.19 appeared first on Coin Edition.

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