Bitcoin retreats from 8-month high
Bitcoin retreats from an 8-month high to trade near $85,500
Cryptocurrencies fell in Tuesday’s trading, with Bitcoin retreating from an eight-month high, although it continued to trade near the $85,500 level.
Bitcoin had climbed to $87,381 yesterday amid improving investor sentiment and increased demand for riskier assets.
Rich Rosenblum, co-founder of cryptocurrency market maker GSR, said breaking above the $80,000 level brought capital back into the market, warning that a pullback in risk assets could put significant pressure on Bitcoin, Bloomberg reported.
|
Changes in selected cryptocurrency prices |
|||
|
Cryptocurrency |
Price (USD) |
Change (USD) |
Change (%) |
|
BTC |
85,457.75 |
(1,092.25) |
(1.26%) |
|
ETH |
2,730.80 |
(33.33) |
(1.21%) |
|
XRP |
1.5121 |
(0.0220) |
(1.43%) |
*Prices updated at 8:09 a.m. Makkah time.
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