Bitcoin Drops Below USD 7,000, Altcoins Follow

After multiple failures to clear the USD 7,400 resistance area, bitcoin price reacted to the downside. BTC/USD broke the USD 7,250 and USD 7,120 support levels to move into a short term bearish zone. BTC is down more than 5% (08:30 UTC) and it could continue to move down.
Similarly, most major altcoins are gaining bearish momentum and declined between 5%-8%, including ethereum, XRP, litecoin,  Read more »
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