BTC price dips 4.5% as US gov’t Bitcoin move raises new sell-off fears
Bitcoin falls below $67,000 in an abrupt change of trend after initially hitting $70,000 for the first time in nearly two months.
Bitcoin (BTC) faced major selling pressure after the July 29 Wall Street open as sellers firmly rejected a trip to $70,000.
Data from Cointelegraph Markets Pro and TradingView tracked a spate of distribution, which sent BTC price action down 4.5%.
After slowly gaining throughout both the weekend and first Asia trading session, BTC/USD lost momentum as Wall Street returned, going from local highs of $70,016 on Bitstamp to lows of $66,839.
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Author: William Suberg
