Analytics / Forex and Crypto News
Having reached a maximum of $10,800 on Tuesday, the price of Bitcoin turned around and lost $800 in a few hours. The price tried to stay near the $10,200 mark, but attempts to hold back were unsuccessful, and the price dropped below the key psychological mark of $10,000.
The $10,200 level is relatively important as it formed the closing price of the previous week. And now, as a result of the breakdown of the $10,000 mark, we can see the continuation of the movement to the level of $9,800.
Despite the fact that Bitcoin has been trading above $9,300 since mid-July, market sentiment has changed dramatically in recent days in some respects. The so-called index “index of fear and greed” is now at around 11, which means an extreme level of fear.
During November, ICO-projects sold 416K ETH. This is the largest figure since the summer, reports Trustnodes.
According to Santiment, in August, ICO startups sold only 100,000 ETH. In September, sales of digital currency increased significantly, reaching 300 thousand ETH. In Nov