The rally in bitcoin prices ended last Saturday after prices decisively broke below the important $270 support level. While the initial push took us to a low of $252 dollars per coin, we have since bounced back somewhat. Meanwhile the rest of the cryptomarket is more or else stable as well. For example Litecoin has been trading flat for the past six days hovering right below the $4 figure.
Bitcoin Rally Ends
The bitcoin rally ended on August 8th with a break of $270 that took out $265 one hour later. In the next 10 hours, BTC/USD was down by $13 dollars to $252 flat, a decline of 4.9 percent. Bitcoin has since rebounded and is currently quoted at $261.95, after trading as high as $269.26 this morning.
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