BITCOIN slumped today after an almost 3-month long rally that saw cryptocurrency price double. The coin plunged towards the $17,000 mark, making the biggest decline since September. Is this the end of the rally or just a healthy correction following recent steep gains? BITCOIN managed to recover from daily lows but still trades below $18,000. Other cryptocurrencies dropped as well with DASH and RIPPLE trading over 10% lower on the day.
BITCOIN price has declined the most since September. However, the coin managed to halt decline at 23.6% retracement of a recent 3-month rally. Source: xStation5
3 markets to watch next week - (17.10.2025)
Bitcoin drops below important support zone ๐
Bitcoin loses momentum falling to $111k ๐Ethereum loses 3%
Crypto news: Bitcoin rebounds after the sell-off ๐Ethereum above $4000