Falling Bitcoin Price Causes Decline in Coinbase App Downloads
The cryptocurrency market cap has gone back to all time lows today. Bitcoin is priced at aroun $6,380.00 and some analysts are saying we could see prices towards $5,800.00.
The rapid decline in the price of Bitcoin has caused some FUD (Fear, uncertainty and doubt). We can see this, for instance by the decline in the interest for the coinbase application. Coinbase is one of the most important cryptocurrency exchanges and probably the main cryptocurrency exchange in the American market.
Keep an eye out for indicators such this one, because the market will most likely be very sensitive to fundamental news in the next few hours while Bitcoin moves sideways.
Let me know in the comments below if you have any questions! If this post was helpful then leave me some love upvoting, if not then let me know what would e helpful to you!
The rapid decline in the price of Bitcoin has caused some FUD (Fear, uncertainty and doubt). We can see this, for instance by the decline in the interest for the coinbase application. Coinbase is one of the most important cryptocurrency exchanges and probably the main cryptocurrency exchange in the American market.
Keep an eye out for indicators such this one, because the market will most likely be very sensitive to fundamental news in the next few hours while Bitcoin moves sideways.
Let me know in the comments below if you have any questions! If this post was helpful then leave me some love upvoting, if not then let me know what would e helpful to you!
Til' next time,
Ana.