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Kimchi Premium Fades Away, BTC Price Drops In An Instant

Kimchi Premium Fades Away, BTC Price Drops In An Instant

The kimchi premium fades away and the BTC price dropped below $58K with the analysts saying the reduction could have had an impact on it so let’s read more in our latest BTC news today. The Kimchi premium fades away and traders found a way to arbitrage in and out of South Korea with the price of BTC falling to $57,370 which is a 2% drop in the past 24 hours. It is now marginally away from the $60K point that it had had time holding. The premium- which is the highest price that BTC trades in Korea has dropped…

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Analysts Fear Another BTC Drop To $9600 As CME Gap Price Crashes

Analysts fear another BTC drop towards the crucial CME futures gap at $9600 which was formed when the cryptocurrency surged from the $9000 level in late July as we reported in the Bitcoin news. The CME futures are closed on the weekends despite the spot markets of Bitcoin still trading. This forms a natural gap in the CME price action many of which get filled within a week after they were opened. Bitcoin could fill the CME gap soon according to one analyst who saw the recent price action. He noted that the cryptocurrency lost the support of the pivotal…

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BTC Dips Below $11,500, Is It Game over For Short-Term Market Uptrend?

BTC dips below $11,500 dragging the rest of the market down with it, losing $8 billion in value so can we expect a greater market correction or another opportunity to buy the dip? We are reading more in the bitcoin news today. Since the start of the year, the total crypto market cap increased by more than 100% and Bitcoin’s year-to-date returns were at over 60%. The leading cryptocurrency by market cap is trading more than triple since the Black Thursday crash at $3,800. The crypto market after that day has been on a strong uptrend on the back of…

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Bitcoin Notable Breakout Leads Coin Under $12,000: Price Analysis

Bitcoin Notable Breakout Leads Coin Under $12,000: Price Analysis

A Bitcoin notable breakout was responsible for the asset hitting below $12,000 despite the coin surging from the $11,800 baseline in a few hours. The move brought BTC above the main $12,000 region which acted as resistance over three rallies in the past two weeks so let’s read more about the analysis in our latest bitcoin news. Bitcoin is going lower as the bears initiated a strong sell-off. Over the past hour, the asset dropped from $12,240 to a low of $11,920. Bitcoin now trades at $12,040 as of the time of writing with buyers stepping in to hold the…

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