Bitcoin Declines Don't Stop Bullish Crypto Analysts - CoinDaily

Reporting from Cointelegraph, on May 30, 2019, the crypto market valuation fell US $ 19 billion because the price of bitcoin (BTC) dropped from US $ 9,000 to US $ 8,000, down by 11%, which is surprising in exchanges like Bitstamp. The decline in bitcoin to US $ 8,000 is not seen in market data provider charts such as CoinMarketCap because movements occur in a short period of time.

The Bitcoin price immediately recovered to US $ 8,300 after the sudden decline eliminated some pressure from the rest of the crypto market and continued to rise in price at the time this news was written. Despite the decline in bitcoin prices by $ 1,000 on May 30, the digital assets performed strongly against the US dollar over the past month.

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