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Bitcoin Price Correction continues as $ 13,800 becomes the key to further gains



Bitcoin (BTC) was returning to $ 12,000 on June 27, as the crypto industry reports record activity across the board.

  Market visualization with Coin360 "src =" https://s3.cointelegraph.com/storage/ Upload / view / 1929d785cc679dc59305bad6008ffb75.png "title =" Market visualization with Coin360 "/> </p>
<p style= Market visualization with Coin360

Data from Coin360 showed that the bitcoin price comes from its local highs of $ 13,800 to $ 12,150 as a press Time Thursday

BTC / USD had significant volatility over the past 24 hours, and dropped to as low as $ 1

1,945 due to major issues Change the Coinbase before we jumped back over $ 12,000. The $ 13,800 level charts now suggest is an important barrier to further gains. Throughout its history, bitcoin has never clearly exceeded that level, so it will be an important test for the BTC award when the month of June now comes to an end 659002] Bitcoin 7-day price chart "src =" https://s3.cointelegraph.com/storage/uploads/view/adbe9e778749c1c884a7f9497624fa11.png "title =" Bitcoin 7- day price chart "/>

Bitcoin 7 day price chart. Source: Coin360

While opinions remain mixed on how high bitcoin will go before tempering the giant bull, businesses are still celebrating, with ever-increasing numbers.

On Wednesday, the property manager Grayscale led the successes, its total assets under management transferred $ 3 billion in value.

The Grayscale Bitcoin (GBTC) Investment Fund also provided an implicit bitcoin price of $ 17,000, which means investors are currently paying around 40% premium. As Cointelegraph reported, such behavior emphasizes the institutional investor interest in space.

Other items came from BitMEX, bitcoin derivatives giant, which achieved 24-hour volumes of $ 16 billion over its products.

In the cryptocurrency markets, the so-called Real 10 Index, a reading of real exchange volumes created by the computer-powered Messari, gave 24-hour bitcoin volumes of over $ 5.5 billion.

For altcoins, the momentum seemed to gather the pace after most tokens had been beaten this week.

As speculation mounting of a follow-up of altino to match bitcoin, ethereum (ETH) topped $ 350 before correction to $ 320.

  Ether 7-day pricing chart

Ether 7 Source: Coin360

Ether 7 Bitcoin's own downturn nevertheless hits markets hard, with many of the top twenty cryptographic curves following market coverage having double-figure losses on Thursday.

The bottom line was litecoin (LTC) and bitcoin SV (BSV), both of which hide near 12%.


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