Analytics / Forex and Crypto News
From about 3:00 a.m. to 7:00 p.m. London time, the price of Bitcoin dropped from $8,120 to $7,900. Interestingly, a few hours before, a big Bitcoin transaction was completed - 10,000 BTC (about $80 million) - at the wallet address on the Binance crypto exchange.
It is difficult to say whether these funds were used to lower prices, but this is undoubtedly a suspicious coincidence. It is also interesting that the cost of this transaction was only $1.73.
What will happen to the price of Bitcoin?
At the time of publication, Bitcoin is trading at $7,905 with a market capitalization of $142 billion, and the Bitcoin dominance index 65.9%.
If the price of Bitcoin falls below the current level, then we can expect further support levels of $7,800 and $7,600. Also, the nearest resistance levels are $8,000 and $8,200.
Bitcoin volatility is likely to return, and the coming weekend may turn out to be very productive for some traders.
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