Bitcoin has started the day with a slight slippage. As of press time, the largest cryptocurrency by market capitalization is trading at $48,837.8 (-0.55%), according to EXANTE.
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Chart of the USD/BTC trading pair from EXANTE
For its part, ether (ETH) also dropped to $4,006.29 (-1.12%), with binance coin (BNB) losing the most (-1.96%) and is trading now at $553.26.
FxPro's team of analysts says that bitcoin was bought back last week on intraday dips below $ 48,000, preventing it from falling below a significant technical level. They added:
"This dynamic should be perceived as meaningful support. But we are alarmed that the bulls manage to raise the rate only marginally higher."
According to CoinMarketCap’s ranking, only 3 assets on the top 10 by market capitalization are in green. The whole cryptocurrency market capitalization slides by 3% down to $2.2 trillion. Earlier, iHodl reported that MicroStrategy Inc. invested an additional $82.4 million in bitcoin. According to a regulatory filing, with the last purchase of 1,434 bitcoins at an average price of $57,477 per BTC, the company hodls a total sum of 122,478 BTC (~$6 billion as of press time).
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