Market Wrap: Bitcoin Hangs Around $10K; Locked DeFi Value Drops – Yahoo Finance

September 8, 2020 By admin

Bitcoin is stuck around $10,000 with little price action while some ether holders have pulled out of the DeFi ecosystem.

  • Bitcoin (BTC) trading around $10,014 as of 20:00 UTC (4 p.m. ET). Slipping 1.1% over the previous 24 hours.
  • Bitcoin’s 24-hour range: $9,920-$10,439
  • BTC below its 10-day and 50-day moving averages, a bearish signal for market technicians.

Scant action in the bitcoin market over the weekend was a welcome respite from the downward trend since the start of September, when prices hit as high as $12,083 on spot exchanges such as Coinbase. 

Bitcoin Options Suggest Investors Hedging but Still Long-Term Bullish” data-reactid=”29″>Read More: Bitcoin Options Suggest Investors Hedging but Still Long-Term Bullish

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