Bitcoin has slipped in price at the start of the week, having taken three days to recover from a mini flash crash last Thursday.
Bitcoin is trading at just above $33,000 on Tuesday, with many leading cryptocurrencies also seeing a similar price slide. Binance Coin, Ethereum (ether), Ripple (XRP) and dogecoin all fell by between 3-6 per cent overnight.
Rumours online claim that Apple is close to announcing a major investment in bitcoin, though there is currently nothing to substantiate these.
The latest movements have failed to jolt bitcoin out of its recent stasis, with the world’s leading cryptocurrency moving by less than 1 per cent week-on-week. It has failed to break above $36,000 or below $32,000 since late June, though some analysts are hopeful a big move is on its way.
According to one indicator, bitcoin is on the verge of flashing a major buying signal, similar to the one seen in October 2020.
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Ethereum price dips below $2,000
The price of Ethereum (ether) has dropped below $2,000 for the first time since late June.
The world’s second-most valuable cryptocurrency is down more than 6 per cent over the last 24 hours and down more than 15 per cent week-on-week, according to CoinMarketCap.
Of the top 10 leading cryptocurrencies, only Uniswap has seen a bigger price fall over the same period. Not a single one has seen any gains.
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