Bitcoin hammered in Asia and EU

Stefan Mileschin · 26th November 2020, 18:17

US is expected to follow

Thousands investors in the EU and Asia were dumping their Bitcoin after the price was hammered overnight.

A few days ago, Bitcoin investors were promising the digital currency would continue to go through the roof, but it suddenly changed course.

Asian trading fell six percent in a single day and then the rot moved when people started to wake up in Europe. So far the currency is down 8.48 percent and the rot appears to have moved to other digital currencies.

Justin d’Anethan sales manager at digital asset company Diginex, said: “With very high volumes on spot but also on leveraged markets, it’s not surprising that after failing to hit the all-time highs, there would be this sort of rapid correction.”

“While a quick visit in the upper or mid-16,000s is possible, we’re still trending up and with plenty of upside potential”, he added

https://fudzilla.com/news/51953-bitc...in-asia-and-eu

26th November 2020, 18:17	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,500	Bitcoin hammered in Asia and EU US is expected to follow Thousands investors in the EU and Asia were dumping their Bitcoin after the price was hammered overnight. A few days ago, Bitcoin investors were promising the digital currency would continue to go through the roof, but it suddenly changed course. Asian trading fell six percent in a single day and then the rot moved when people started to wake up in Europe. So far the currency is down 8.48 percent and the rot appears to have moved to other digital currencies. Justin d’Anethan sales manager at digital asset company Diginex, said: “With very high volumes on spot but also on leveraged markets, it’s not surprising that after failing to hit the all-time highs, there would be this sort of rapid correction.” “While a quick visit in the upper or mid-16,000s is possible, we’re still trending up and with plenty of upside potential”, he added https://fudzilla.com/news/51953-bitc...in-asia-and-eu

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