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Bitcoin’s Latest Sell-Off Gets Crypto Traders Mulling Election Chaos
Bitcoin (BTC) on Monday posted its biggest drop in three weeks, retreating from the psychological $11,000 hurdle that the cryptocurrency until just recently had seemed poised to eclipse. There was also an apparent unwind of the recent frenzy in decentralized finance, or DeFi, with associated digital assets from ether (ETH) to Aave (LEND ) and Curve (CRV) falling even harder.
Bitcoin price failure at $11K moves focus back to sub-$10K CME gap
Bitcoin’s (BTC) price has been showing some slight strength in the previous week as BTC rallied from $10,000 to $11,200. However, the crypto market's overall consensus has been showing weakness with double-digit selloffs for many of the smaller-cap cryptocurrencies.
Resolution Source: coingecko.com