Today, February 26, the first cryptocurrency accelerated the fall, quickly falling below the $ 9000 mark.
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The chart below shows that the decline in prices was accompanied by a surge in trading volumes, which indicates significant pressure from sellers:
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TradingView Bitstamp BTC / USD hourly chart
Note that the BTC price fell below the 200-day moving average:
The wider market is also all in red. For example, the first ten of the most capitalized crypto assets looks like this:
The total market capitalization is $ 247 billion, the BTC dominance index is 64.5%. At the time of writing, Bitcoin is trading around $ 8700.
Recall that earlier today, RoboForex analysts announced a high probability of continued market correction.
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