Bitcoin price has dropped sharply two days after halving, reaching USD 8,800 on May 10

The fall in prices of Bitcoin This May 10 was also felt among the main cryptocurrencies, with losses of more than 9% compared to yesterday.

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Although the proximity of Halve Bitcoin The decline on May 10 led to steep price increases for investors and digital currency enthusiasts. The May 10 decline led to great fear and insecurity among members of the ecosystem as it is the main cryptocurrency has seen a drop of more than $ 1,000 in the past 24 hours.

Bitcoin recorded a significant decline this May 10th

Barely two days until network miner rewards were cut. Bitcoin (BTC) At the time of publication, a price of approximately USD 8,690 was quoted, which corresponds to a decrease of at least 10.24% in the last 24 hours.

If we take a closer look at the evolution of the price of the digital currency, we found that the strongest point this fall occurred yesterday at 10:00 p.m. (New York time). In just half an hour, the price rose from $ 9,581 to $ 8,696 and quickly lost around $ 900. Until 4:20 p.m. on May 10, the price is from Bitcoin It recovered partially and was above USD 8,870 to later capture its current value.

Another interesting fact has to do with the volume of day-to-day operations, which has risen over $ 60,000 compared to yesterday, especially between 4:00 a.m. and 7:00 a.m. on May 10 when it was located Millions.

Possible causes

Although there is much enthusiasm and very good prospects regarding the proximity of the Halve Bitcoin, It is the most experienced investors who are primarily responsible for this decline in the price of the digital currency.

Analysts point out that despite the gradual rise in the price of the digital currency, particularly in connection with the US government’s financial incentives to oxygenate the local economy, many investors have extensive experience They chose to mark their earnings near $ 10,000, which resulted in a sharp decline in markets when they left.

The report shows that in some exchanges there were cases where Bitcoin Registered values ​​for sale very close to USD $ 8,200.

Domino effect on the crypto market on May 10th

However, the price drop is from Bitcoin It also made itself felt in the rest of the cryptocurrency ecosystem, where the key exponents declined on May 10.

This is the case with coins like Ether (ETH), Ripple (XRP), Bitcoin Cash (BCH), Bitcoin SV (BSV), Litecoin (LTC), Binance Coin (BNB), EOS, Tezos (XTZ), Chainlink (LINK), Stellar (XLM) and Cardano (ADA), which declined more than 9% at the time of publication and was around USD 190 / USD $ 0.19 / USD $ 236 / USD $ 189 / USD $ 42.6 / USD $ 15.4 / USD $ 2, 4 / USD are listed at $ 2.6 / $ 3.7 and $ 0.06 respectively.

For more information on winning cryptos – updated values ​​- see here:

BHT	BHEX token	16.72%	$ 0.16
TNT	Tierion	7.6%	$ 0.10
ABBC	ABBC coin	5.66%	$ 0.19
SNT	status	5.62%	$ 0.03
LEO	UNUS SED LEO	2.77%	$ 1.10

DiarioBitcoin.com

DGB	DigiByte	-14.09%	$ 0.02
HIVE	Beehive	-12.16%	$ 0.31
HBAR	Hedera hash graph	-11.24%	$ 0.03
SOMETHING	Algorand	-11.07%	$ 0.19
NEO	Neo	-10.96%	$ 9.73

DiarioBitcoin.com

We take the opportunity to inform you of this soon DailyBitcoin It will launch its new commercial graphics service that will allow it to monitor the price trends of the major digital currencies.

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Halve Bitcoin: Everything you need to know about this event scheduled for May 11th

Bitcoin price is falling and is approaching $ 9,600 on May 9

Halve parties! 5 virtual celebrations of the long awaited Bitcoin event

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Source: Daily bitcoin markets, CoinMarketCap

Angel Di Matteo’s report / DailyBitcoin

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