Bitcoin news : bitcoin price decrease by 2 % in 30 mins from $7,400 to $6,950. This makes a major losses for tokens and other major cryptocurrencies.
The major cryptocurrencies such as Ripple, Bitcoin Cash, EOS and Ethereum also saw a loss of 6 to 7 percent.
If Bitcoin falls below the support level of $7,000, the price of the cryptocurrency may fall below $6,000.
The rise in volume of Bitcoin and Tether (USDT) trades could be due to the tendency of Bitcoin investors to hedge their investments against the US dollar to avoid short-term falls.
At the time of publishing this article, the value of Bitcoin stood at $6924.56