Bitcoin (BTC) fell by almost 2% in an hour on Feb. 13 as markets faced rejection after reaching higher levels around $10,500.
Grafico dei prezzi settimanali del mercato crittografico. Fonte: Coin360
BTC suddenly dives to $10,150
Dati da Coin360 e Mercati di Cointelegraph showed BTC/USD dropping suddenly by over $300 on Friday, hitting daily lows of $10,150.
A bounce had secured support slightly higher by press time, but volatility was conspicuous as Bitcoin failed to crack $10,500 resistance for the seconda volta in una settimana.
Grafico dei prezzi del bitcoin 1-day. Fonte: Coin360
Friday’s losses coincided with news that the United States Treasury would seek to enact new regulations governing cryptocurrencies.
Speaking to lawmakers in Washington on Wednesday, Treasury Secretary Steven Mnuchin said the mystery measures would aim to “make sure cryptocurrencies aren’t used for the equivalent of old Swiss secret number banking.”
“We are about to roll out some significant new requirements,” he summarized.
Commenti precedenti by both Mnuchin and President Donald Trump last year saw a risposta ritardata from Bitcoin markets, with BTC/USD ultimately abandoning a bull run which began in April to see rejection at $13,800.
Spirit of 2019 returns
Short-term performance nonetheless remains strong — Bitcoin is up 6.1% in a week, while monthly gains remain above 20%.
Moves of several hundred dollars on hourly timeframes are also not uncommon. As Cointelegraph segnalati, such behavior became almost habitual for Bitcoin during 2019.
