Market Wrap: Bitcoin Dips To $ 11.1K; Difficulty extracting ether at year’s high – CoinDesk – CoinDesk

Market Wrap: Bitcoin Dips To $ 11.1K; Difficulty extracting ether at year’s high – CoinDesk – CoinDesk

Bitcoin looks bearish as Ethereum miners reap more revenue than ever.

• Bitcoin (BTC) is trading around $ 11,298 at 8:00 p.m. UTC (4:00 p.m. ET). 3.8% slip over the previous 24 hours.
• Bitcoin’s 24-hour range: $ 11,102 to $ 11,786.
• BTC below its 10 and 50 day moving averages, a bearish signal to market technicians.

Bitcoin trading on Coinbase since August 23.Source: TradingView

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