BTC Price: $7,720
Last 7 Days: -9.67% 1month: 13.41% 12months: 12.12%
Over the past week we saw multiple harsh sell offs on BTC/USD with the first one coming in at the start of last week, pushing the price from $8,600 to $7,700. Further losses were then seen over the next couple of days from $7,700 down to $7,400. It is clear that bears have been in control for most of the time with the price struggling to push above $7,800. That was until Friday where bulls started to gain traction moving the price from $7,700 to $8,100 and holding the price in the range of $7,800-8,000. However as we reached the weekend, sellers clawed back which resulted in unsuccessful attempts to settle above $8,300 and triggering a sharp sell-off which pushed BTC/USD down to $7,510 during Sunday’s hours. While we saw a recovery to $7,700 the pair is still vulnerable to further losses.
3rd June: $22,004,511,436 (BTC Price of $8,208)
10th June: $17,689,062,029 (BTC Price of $7,744)
19% decrease in trading volume in the last 7 days