This added selling pressure on bitcoin, which Greenspan believes caused the 10 percent fall over the weekend, will likely prevent traders from moving into other digital assets, at the risk of taking a loss from liquidating their BTC. The lack of short selling this week suggests many traders are unwilling to speculate about future prices and will hold BTC unless something fundamental changes, he told CoinDesk.

Products You May Like

Articles You May Like

The Internet Is a Right, Not a Luxury: 30% of Americans Still Don’t Have It
JPEG on the Blockchain: Image Format Creator Believes Tech Can Fight Copyright Theft
BITCOIN STILL BULLISH?! Worries explained… ETH, Kyber, Cardano, Dash
Bitcoin Flash Crash, Why Did Bitcoin Drop, Coinbase Kyber, Binance Fiat & Keep Investing
Bitcoin Predictions For 2020 w/ Tone Vays [Interview/Hangout]

Leave a Reply

Your email address will not be published. Required fields are marked *