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Bitcoin Prices Tumble Below $7000. Here’s All You Need To Know
At the beginning of this year Bitcoin was trading at $13,443.
Considered a bearish signal within the market, a death cross occurs when the short-term, 50-day moving average, also called a price trend, crosses below the long-term, 200-day moving average.
At the beginning of this year, according to Bitstamp, Bitcoin was trading at $13,443, which means the currency has tumbled almost by 50%. In December last year the currency has touched the $20,000-mark.
Last week also the value of Bitcoin fell more than 4 per cent on the main Japanese markets after the country’s national regulator issued a warning to the world’s largest cryptocurrency exchange, Binance, over its unlicensed operations. The value of the most popular digital currency was at about $8,762 according to Japanese cryptocurrency exchange Coincheck.