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Bitcoin downward pressure ‘abated’ as sell-side markets shrink

Bitcoin’s price may not experience significant downward movement in the short term, as sell-offs on crypto exchanges are “shrinking at a rapid pace,” Bitfinex analysts said.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Bitcoin downward pressure ‘abated’ as sell-side markets shrink

Bitcoin’s price may not experience significant downward movement in the short term, as sell-offs on crypto exchanges are “shrinking at a rapid pace,” Bitfinex analysts said.

Why this matters

This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

Original source

Read on Cointelegraph

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