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DO YOU UNDERSTAND CRYPTO PULLBACK ?
#FollowForMoreInsghts
crypto pullback, also known as a retracement, is a temporary reversal in the price movement of a cryptocurrency. A pullback occurs when the price of a crypto asset experiences a short-term decline after a period of upward movement.Bitcoin slide from a record high earlier this week extended to more than 10%, as reduced scope for looser US monetary policy dampened speculative zeal.
$BTC
The price of the original cryptocurrency dropped as low as $95,234 on Friday at 9 a.m. in London after setting an all-time high just above $108,000 earlier in the week. The downturn weighed heavier on smaller tokens like Ether and Dogecoin.#MarketPullback
#FollowForMoreInsghts
crypto pullback, also known as a retracement, is a temporary reversal in the price movement of a cryptocurrency. A pullback occurs when the price of a crypto asset experiences a short-term decline after a period of upward movement.Bitcoin slide from a record high earlier this week extended to more than 10%, as reduced scope for looser US monetary policy dampened speculative zeal.
$BTC
The price of the original cryptocurrency dropped as low as $95,234 on Friday at 9 a.m. in London after setting an all-time high just above $108,000 earlier in the week. The downturn weighed heavier on smaller tokens like Ether and Dogecoin.#MarketPullback