The price of Bitcoin suddenly dropped below $60,000 days after the Coinbase public listing.
The price of Bitcoin (BTC) declined below $60,000 on April 17 after a strong rally throughout the past week in anticipation of the Coinbase public listing on Nasdaq.However, after the COIN listing, which is the ticker of the Coinbase stock, the cryptocurrency market started to correct.BTC/USDT 1-day price chart (Binance). Source: TradingView.comAn expected Bitcoin sell-the-news dropCoinbase’s public listing brought significant attention to the cryptocurrency market. It marked the first public listing of a major cryptocurrency exchange, leading to high institutional demand.As a result, the cryptocurrency market rallied leading up to the listing with BTC price hitting new all-time highs above $64,00. However, it was almost expected to see Bitcoin and Ether (ETH) drop after the fact, considering the tendency of cryptocurrencies to sell o
Źródło: https://cointelegraph.com/news/bitcoin-dips-under-60-000-what-s-pulling-down-btc-price
