Bitcoin update: Falling fast towards $3,900 on broad crypto sell-off
|The price of Bitcoin is falling fast, hitting a daily low of $3,915. The slide comes amid a broader sell-off of digital coins. Ethereum (ETH/USD) leads the sell-off.
Support is seen at $3,908 which was a stepping stone on the way up last week. It is followed by $3,880 which provided support.
Beforehand, BTC/USD had attempted to recapture the round $4,000 level. While it surpassed this price, the break was not confirmed.
Update: Bitcoin recovers after the initial fall. It may have been a move to clear out stop-loss points.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.