Bitcoin Snaps Back After Slight Dip, Current BTC Chart ‘Is Near Identical to August 2017’ – Bitcoin News

Digital currency prices are on the move again, after tumbling a hair downwards during Sunday evening’s trading sessions. On Sunday the price of bitcoin dropped -7.64% after touching a lifetime price high at $49,715 and then slid to $45,915. As trading sessions entered into Monday, BTC has regained some of the losses as it jumped northbound 4.62%.

Crypto Markets Shrug Off the Recent Dip

Bitcoin (BTC) and a slew of digital assets saw some significant losses yesterday, after a few crypto assets touched new all-time highs (ATH). BTC has been awfully close to the psychological $50k region, but hasn’t managed to cross the price zone yet. On Sunday, the price came really close at $49,715 per unit but tumbled downward after reaching that point.

BTC/USD chart on Bitstamp on February 15, 2021.

After sliding below the $46k zone, BTC is back up to the $47,800 to $48,150 region once again, but prices are still down 1.8%. The second-largest crypto asset, in terms of market valuation, is ethereum (ETH) which is swapping for $1,809 per coin. ETH tumbled yesterday, to a low of $1,710 per unit and has managed to regain much of the losses.

Top ten market valuations on February 15, 2021, according to markets.Bitcoin.com.

Cardano (ADA) slid to $0.78 per token but is back up to $0.87 per ADA. Polkadot (DOT) hit a low of $25.11 yesterday but is now swapping for $28.50 during Monday morning’s trading sessions. XRP, BNB, and LTC are all down a couple of percentages, but bitcoin cash (BCH) is up 2.77% and holds the ninth largest market cap.

Bitcoin cash is currently trading for $719 per coin and has a $13.4 billion market cap. The tenth-largest blockchain, in terms of valuation, is chainlink (LINK) which is exchanging hands for $33.86 per unit.

Jack Purdy: ‘Today’s Bitcoin Chart Is Near Identical to August 2017’

While many traders are discussing a few crypto markets reaching new ATHs, people are pondering if we are nearing the bull run’s top. On…

Read More