The price crash that accelerated in mid-November took the BTC price 00 to its lowest point in more than a year. BTC still looks very weak and could soon be further down as it forms new resistance levels. Telegram or subscribe to our weekly newsletter. Bitcoins price is struggling to stay above 4000. However, Its also worth noting, that the interest towards Altcoins is nowhere near its all-time high peak back in late 2017. The Bitcoin price hasnt recovered much since, however. Share your thoughts in the comments below. Back in 2017, the cryptocurrency market was on a high.
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Bitcoin hit an intraday high of 3,430 yesterday before falling back again.
It dropped below 3,400 to hit a new 2019 low of 3,390 a couple of hours ago as this level becomes support turned resistance.
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This caused them to acquire a larger percentage of the market share, hence lowering Bitcoins dominance index over the crypto market cap. To survive, mining firms will have to look at process optimization ( cheaper electricity and operational costs). Almost everything from ICOs to miners was riding high on the back of steadily increasing virtual currency prices. BTC Dominance (marked in orange). Ethereum Classic and NEM have both clawed bitcoin core import old wallet back 4 and iota is not far behind with a 3 rise today. It is exactly spikes like these in minor altcoins prices which demonstrate the presence of an Altseason. Only miners capable of withstanding the cryptocurrency winter will be able to remain in business. As we end another week in crypto land markets are still very flat and have made very little movement over the past 24 hours.
Bitcoin is currently trading upwards of 3,435, down 3 week-over-week, amidst a broader, ongoing crypto market sell-off.
Bitcoin, miners Adapt to Lower BTC Price.