Bitcoin update: Falling fast towards $3,900 on broad crypto sell-off

Yohay Elam FXStreet

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.

Author

Yohay Elam

FXStreet

Yohay is in Forex since 2008 when he founded Forex Crunch, a blog crafted in his free time that turned into a fully-fledged currency website later sold to Finixio.

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