Bitcoin price drops to lowest since May as Ethereum market trades at 18.4% loss

Bitcoin price drops to lowest since May as Ethereum market trades at 18.4% loss

Bitcoin (BTC) saw further losses on June 12 as thin weekend trading volumes fueled an ongoing sell-off.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Analyst likens risk asset ‘pump’ to 1929

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting lows of $27,150 on its sixth straight day of downside.

With hours to go until the weekly close, the pair was in danger of resuming the losing streak, which had previously seen a record nine weeks of red candles in a…


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