Bitcoin Falls Below $7000
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April 10, 2020
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On Friday 10, April 2020, the largest cryptocurrency by market cap bitcoin (EXANTE: Bitcoin) has fallen below the $7000 mark.

At press time, BTC is trading at $6837.

Bitcoin Falls Below $7000

Chart of the USD/BTC trading pair from EXANTE

Meanwhile, Ethereum lost over 8% within the 24h time frame and is trading at $156.32. XRP also lost almost 7% and is trading at $0.185.

FxPro's team of analysts say:

"Bitcoin lost more than 4% per day, pulling along the rest of the cryptocurrency market. As it often happens, the flat of bitcoin ends in a sale. At the moment, the reference cryptocurrency has rolled back below the round level of $ 7000, which can hardly be considered a disaster. The greed and fear index, which has barely begun to rise recently, again sharply fell to level 15, which corresponds to 'extreme fear.' If in the near future, buyers do not help bitcoin, the situation may even go to a more negative scenario. After surviving halving Bitcoin Cash (BCH) and Bitcoin SV (BSV) are down more than 9% amid disappointment in the crypto community. According to WhalteAlert, unknown whales set in motion 49.342 BTC (361.016.972 USD). These bitcoins were moved between two unknown wallets. Often, after such large movements, the market experiences an increase in dynamics in either direction."

Earlier iHodl reported that the blockchain network of Bitcoin's (EXANTE: Bitcoin) fork called Bitcoin Cash (BCH) approached at block 630,000 the very first in its history halving.

As the cryptocurrency developers planned before, the size of the reward per block decreased from 12.5 BCH to 6.25 BCH.

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