Crypto Catch: Bitcoin selloff likely to continue

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Crypto Catch: Bitcoin selloff likely to continue

Bitcoin selloff likely to continue
Image source: Hello6373 | Megapixl.com

Highlights 

  • Bitcoin has fallen by US$10,000 while Ethereum lost $1,000 in just four days.
  • As of 11:30am AEST, bitcoin was trading at just below US$36,400, which is a 24-hour increase of 1.5 percent.
  • However, it’s a decrease from US$43,000 on 21 January – just four days ago.

Bitcoin has fallen by US$10,000 while Ethereum lost US$1,000 in just four days. And according to experts, the crypto selloff might well be far from over.

A massive plunge in equities has come at the same time as U.S. stocks head for the worst month in almost two years.

As of 4:27 PM AEDT, bitcoin was trading at just below US$36,000, which is a 24-hour increase of 2.43 percent. But a decrease from US$43,000 on 21 January – just four days ago.

Furthermore, experts predict that the crypto weakness could continue, particularly if equities continue to plummet.  

 Crypto winners and losers

Note: the data taken is from the last 24 hours prior to 12:30 pm (AEST)

Note: Growth from the 24 hours prior to 12:30pm AEDT

Source: Coinmarketcap.com, based on top 100 cryptos.

 winners and losers in cryptocurrency trading

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