On Tuesday, July 27, bitcoin (EXANTE: Bitcoin) slides below the $38,000 mark. As of press time, the largest cryptocurrency by market capitalization is down by 3.87% and is trading at $37,182.91, according to EXANTE.
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.
Chart of the USD/BTC trading pair from EXANTE
Ether (ETH), for its part, is down by over 6% at $2,200.92, while binance coin (BNB) loses 5.38% and is now trading at the $303.71 mark.
FxPro's team of analysts says the price reaction is currently not as negative as it could be. However, it is likely that the bad news has not yet played out its full potential, they warned. Earlier, City A.M. reported, citing a source, familiar with the matter, that Amazon was looking to accept bitcoin payments by the end of the year. However, shortly after, a spokesperson for the e-giant denied the news.
Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.