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Bitcoin price drops 3% to ten-day lows as Ethereum inches closer to $1K

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cointelegraph.com

Bitcoin (BTC) lost 3% in an hour and Ether (ETH) drifted toward $1,000 on June 30 as pessimism took control of crypto markets.Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $19,224 on Bitstamp during Asian trading, its lowest since June 19.A lack of momentum on upticks combined with a failure to reclaim critical support at the 200-week moving average set the scene for fresh weakness on Bitcoin.

The largest cryptocurrency thus dived to the support area defined a day prior by Cointelegraph contributor Michaël van de Poppe.In fresh analysis on the day, meanwhile, traders toyed with the idea of a relief bounce towards $20,000.

Read more on cointelegraph.com
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