Bitcoin price drops 3% to ten-day lows as Ethereum inches closer to $1K

Bitcoin lost 3% in an hour and ETH floated to $ 1,000 on June 30 because negative thinking dominated the crypto markets.

BTC / USD 1-hour candlestick chart (Bitstamp). Source: TradingView

Traders are looking for “low levels” for BTC

Data from Cointelegraph Markets Pro and TradingView shows that BTC / USD hit $ 19,224 on Bitstamp during Asian trading, the lowest since June 19.

The 200-week average, along with the lack of significant support, has shown new weakness in Bitcoin. So the biggest cryptocurrency came a day earlier, according to Cointelegraph contributor Michael van de Pop.

In the latest analysis of the day, meanwhile, traders are pushing for a $ 20,000 rebate.

“Before we think of longing, we want to clear the low point and restore it because this is a very strong downturn and we want to see some strength first,” said the trading platform Cryptop. Speak up Twitter followers part of a new update.

The news that the US Securities and Exchange Commission (SEC) has rejected Grayscale’s request to replace Bitcoin investment with the Greyscale Bitcoin Investment Trust (GBTC) to the Exchange Fund (ETF) does not help.

The regulatory pressure came from the European Union, which voted to increase restrictions on crypto activities in the block.

The agreement extends the so-called ‘travel law’ in traditional finance to cover transactions in crypto assets. This regulation requires that information on the property and the user’s source be kept up to date with the transaction and stored on both sides of the transaction, ”the press release said.

“Crypto-asset service providers (CASPs) are obliged to provide this information to authorized authorities in the event of an investigation into financial fraud and terrorist financing.”

Emotion Crypto Fear and Greed Index stands at 11/100 or “Extreme Fear”.

Crypto Fear and Greed Index (Screenshot). Source Def

Bitfinex is great because UNUS SED LEO makes a profit

Altcoins continued its depression during the day, targeting $ 1,000 support for the first time in ten days.

Related Pricing Price Analysis 6/29 ፡ Closing BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, SHIB, LEO

ETH / USD 1-day Bitstamp. Source: TradingView

The Bitfinexs UNUS SED LEO (LEO) token alone has seen a sharp decline in major exchange rates, earning 3.5% a day and increasing its monthly earnings to more than 20 percent.

The forum has previously reported on the expansion of the BTC / USD long positions, since these appeared in the second half of June.

BTC / USD Extended 1-day Bitfinex. Source: TradingView

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