This sentiment was echoed by Tim Enneking, managing director of Digital Capital Management.
“The entire crypto trading community has been waiting for a pullback for some time now,” Enneking said. “Most people, including us, are looking for a 25-30% pullback from the high (of about $9,100). So far, we’ve gotten about half that.”
In today’s trading, the Bitcoin price stood at $7,822.60, as of 10:28 BST. The digital coin has lost 1.8% of its value in the past 24 hours, Coinmarketcap data shows. The coin’s total market cap currently stands at $138.8 billion, which represents 55.6% of the combined value of all digital currencies.
Featured image: Jaruwan Jaiyangyuen / Shutterstock.com
The post Bitcoin price (BTC/USD) edges higher following drop to near two-week low appeared first on The Independent Republic.
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