Bitcoin price drops 3% to ten-day lows as Ethereum inches closer to $1K

Bitcoin price drops 3% to ten-day lows as Ethereum inches closer to $1K

Bitcoin (BTC) lost 3% in an hour and Ether (ETH) drifted toward $1,000 on June 30 as pessimism took control of crypto markets.

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

Traders eye “sweep of lows” for BTC

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $19,224 on Bitstamp during Asian trading, its lowest since June 19.

A lack of momentum on upticks combined with a failure to reclaim critical support at the 200-week moving average set the scene for…


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