$BTC

BTC price losses mount with $88K “highly probable”

Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it shed another 1.7% on the day.

This joined existing losses that had taken the pair down more than $5,000 at the hands of fresh US macroeconomic concerns.

Spot sellers were in control, with onchain analytics platform CryptoQuant warning of increasing “pressure” on global exchange Binance.

“The hourly Net Taker Volume on Binance turned sharply negative today, signaling a significant increase in selling pressure,” contributor Darkfost reported in one of its Quicktake blog posts.