00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Bitcoin fell below $87,000 as rising Japanese bond yields pressured risk assets,
00:07triggering more than $637.55 million in liquidations over a 24-hour period,
00:13according to traders. Analyst Jell said Bitcoin was knocked back from major resistance after
00:18setting a monthly high, a pattern that often proceeds will revisit towards $90,300 before
00:23year-end if a high or low forms. Ted Pillow said rejection from the $92,000 to $93,000 supply zone
00:29caused an nearly $7,000 drop, and bulls need to reclaim $88,000 to $89,000 to avoid a retest
00:37November's lows. The Medecoin market fell about 7% to a roughly $11 million market cap.
00:43Trader Tardigrade said Dogecoin, or its long-term monthly support trendline,
00:48suggested the move could spark a renewed Doge season.
00:50For all things money, visit Benzinga.com.
Comments