Bitcoin price maintains a downtrend

The cryptocurrency has presented a downward trend since last Wednesday, when it placed below $ 9,500

In the last 24 hours, the bitcoin cryptocurrency has lost at least 7% of its value which has generated many surprises in investors.

This phenomenon started last Wednesday, when the digital asset stood below $ 9,500 since July this year.

Although it is difficult to determine the exact reason for the fall, some analysts have been given the task of trying to find the causes of this trend.

Some suggest that the influence of the Chicago Mercantile Exchange, and other platforms that offer cryptocurrency-derived businesses, have a lot to do with this.

On the other hand, this Friday the bBitcoin futures contracts will expire at CME. According to experts, many investors have sold their shares to liquidate futures that will soon expire, triggering the downward trend.

The CEO of Flipside Crypto, Dave Balter, said Bitcoin was low “seems like it was a sale to settle futures that expire on Friday”.

K. Tovar

Source: Cointelegraph

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