Digital Currency
Add as a preferred source on GoogleBitcoin (BTC) sellers’ loss-taking continued as the cryptocurrency traded below $80,000. Earlier loss-heavy periods occurred around interim lows.
Bitcoin (BTC) sellers logged their longest daily sequence of net realized losses since mid-August last week, a development that recalls loss-taking around interim lows in August and September.
Loss-taking also continued as Bitcoin traded below $80,000.
Heavy loss-taking in August and September occurred around interim lows.
A 7:41 a.m. ET snapshot showed trading volume up 19.39%, while the Fear and Greed Index remained in fear territory.
A Binance spot quote was $76,969 at 12:49 p.m. ET Nov. 2. Separate live market data showed $77,069 as of 18:00 UTC.
Its Bitcoin holdings reached 849,327 BTC as of Nov. 1, while it spent $208.2 million on STRC preferred-share repurchases during the week.
