Cryptocurrency

Bitcoin (BTC) Experiences Lowest Weekly Close Since December

Bitcoin, the largest cryptocurrency, recorded its lowest weekly close since December 2020.

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Last week, the cryptocurrency fell 7.65 percent to $31.675 on the Bitstamp exchange. That was the sharpest weekly drop since mid-June, when the turnover between June 14 and mid-June 21 lost 9.05 percent.

With the recent caveat from Guggenheim’s Scott Minerd, the $30,000 boost of the leading cryptocurrency now looks increasingly fragile.

According to information provided by crypto analytics firm CryptoQuant, Bitcoin’s stock market entries have recently hit a five-month high, with Coinbase making up the lion’s share of them. Bitcoin, the largest cryptocurrency, recorded its lowest weekly close since December 2020.

https://twitter. com/cryptoquant_com/status/1416960567940575234

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