Bitcoin price continues to fall, losing K17K in biggest crash since March

Bitcoin price continues to fall, losing K17K in biggest crash since March

Bitcoin (BTC) Continued to decline from March to November 26 as selling pressure converts to the biggest loss – in terms of US dollars – since March.

Bitcoin prices exceed 24 3,000 in 24 hours

Data from Sectelgraph markets And Trading view Tracked BTC / USD as it lost support of 17,000,000 to hit a fresh local lodge of 16,300.

At press time, At Chhala earned ળા 16,800, but there was heavy volatility. The latest losses continue a Downtrend, Which started overnight on Wednesday, after Bitcoin reached a low of just over 19,500.

BTC / USD 8-month daily chart. Source: Trading View

At the same time, the main exchange OKEX announced that it is withdrawing. Ki Young Ju, founder of the -n-chain analytics service Cryptoquant, highlights the increased flow activity from OKEX to both lets and other exchanges.

“BTC hits 493 BTC from OKX to all other exchanges at that time.” Wrote In its most recent Twitter update.

“83% of the total flow went to non-exchange lets like occupation. It could be a bullish signal for the long term. “

U.S. regulatory warning

Additional bearish fuel came from Coinbase CEO Brian Armstrong, who Commented Recent rumors suggest that the United States plans to introduce new regulation governing self-hosted cryptocurrencies and lenses.

“If this crypto regulation comes out, it will be a terrible legacy and the U.S. To have a long-term negative impact, in the early days of the Internet there were people who vowed to control it like phone companies. Thank God they didn’t, ”he warned.