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via CoinDesk · By CoinDesk Staff

Bitcoin slips below $80,000 as inflation concerns trigger crypto selloff

BTC

BTC/USDT

$61,394.02

-2.00%

$61,394.02

-2.00%

(24s)

24h Volume

$30,538,602,265.47

24h H/L

$62,726.73 / $59,102.70

Change: $3,624.03 (6.13%)

Long/Short

68.3%

Long: 68.3%Short: 31.7%

Funding Rate

+0.0001%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$61,139.99

▲ 0.10%

Volume (24h): -

Resistance Levels

Resistance 3$64,719.41

Resistance 2$63,289.97

Resistance 1$61,824.92

Price$61,139.99

Support 1$61,067.23

Support 2$59,062.46

Support 3$52,643.43

Pivot (PP):$61,262.44

Trend:Downtrend

RSI (14):33.6

CoinDesk Staff

(10:42 AM UTC)

1 min read

Updated byDavid Kim

692 views

0 comments

Bitcoin stuck below $80,000 as leveraged longs unwind, altcoins slide

Crypto markets weakened as inflation fears hit risk assets, triggering long liquidations, negative derivatives flows and renewed pressure on altcoins.

Bitcoin price (CoinDesk Data)

What to know:

Bitcoin held below $80,000 after Wednesday's stronger-than-expected U.S. producer price inflation data sparked a risk-off move and wiped…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Source

CoinDesk Staff · CoinDesk

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