Wrap Market: Bitcoin Sinks to $ 11.6K as Ether Gas Continues to Rise – CoinDesk – CoinDesk

Wrap Market: Bitcoin Sinks to $ 11.6K as Ether Gas Continues to Rise – CoinDesk – CoinDesk

Bitcoin traders press the sell button. On Ethereum, DeFi increases the fees again.

Bitcoin traded as low as $ 11,613 on Tuesday. Traders have continued to sell the world’s oldest cryptocurrency after hitting a 2020 high of $ 12,485 on Monday. For now, it may struggle to come out much higher.

“Too much resistance at $ 12,000,” said over-the-counter crypto trader Alessandro Andreotti. “So…

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