2024-07-12 12:45:00 ET
Summary
- Bitcoin’s recent price drop is its largest since late 2022, but the current downtrend appears shallower than previous cycles.
- Factors contributing to the dip include Mt. Gox repayments and Bitcoin sales by the German government.
- Solana saw a boost following news of potential spot Solana ETFs to be listed on CBOE.
By Zain Vawda
Crypto prices have been in somewhat of a free fall over the past two weeks. After several months of stable prices, Bitcoin (BTC-USD) has seen its biggest drop since late 2022. It's now trading below the 200-day moving average, causing many short-term holders to face unrealized losses....
Read the full article on Seeking Alpha
For further details see:
Bitcoin And Solana Lead The Rebound (Technical Analysis)