MARKETS AND PRICES
Markets update: r Begins Bitcoin markets tumbled during the early hours of October
18 dropping roughly 6-10 percent to a low of $ 5,101 per tonne. Bullish optimism seems to be moving upto the sideline today as the decentralized currency struggled to capture the $ 5,548 zone.
Bitcoin markets had a bit of sell-up to today, as the currency has dropped from yesterday’s high of $5,540 to a low of $5,401/ BTC. At press time the value has rebounded as the price per bitcoin is hovering slightly above the $5,600 range, with around $2.3B in 24-hour global trade volume. At the moment, Surpassing the $6K range is still the ‘talk of the town’ among trading and even though two forks are approaching, these traders are still optimistic. Today, bitcoin markets might stick around its current territory and consolidate between the $5,580-$5,650 zone; unless further support breaks down when Japanese markets open.
