On Wednesday, August 26, bitcoin crashes below the $11,500 mark. At press time, the largest cryptocurrency by market cap is trading at $11,344coin (-2.78%).
Chart of the USD/BTC trading pair from EXANTE
For its part, Ethereum also falling down to $381.62 (-3.95%). XRP is trading at $0.276 (-3.08%).
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At the same time, data from the Chicago Mercantile Exchange (CME) futures market suggests that institutional short bitcoin volume is currently at historic highs, reflecting bearish expectations in the short term.
FxPro's team of analysts say:
"While bitcoin stopped the decline near the lower boundary of $11,000, if it consolidates below the support level, there is still a chance of further decline. Following bitcoin, all other cryptocurrencies went into correction mode."
The total cryptocurrency market capitalization is $353,6 billion, according to CoinMarketCap.
Earlier, iHodl reported that F-Secure, a Finnish cybersecurity and privacy company, found out that Lazarus Group, a cybercrime group allegedly linked to North Korea, flooded LinkedIn with fake job listings in the blockchain area.
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