Friday's bitcoin price fall, taking a rare break from its parabolic ascent, isn't likely linked to events happening today, but rather one upcoming. Near the noon hour in New York, it was trading at $15,753 basis the US dollar, off 8.6% on the day. The move lower came after two key events. Analysts that spoke to ValueWalk, however, don’t view this as a major change in market momentum – not yet, anyway. What bitcoin traders should be watching closely is the introduction of bitcoin futures on Sunday, which presents institutional investors the opportunity to begin selling.
Bitcoin price fall: The trashing of bitcoin is not necessarily causing the price...
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