Bitcoin Price crumbles as Selling Pressure roll back gains

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Bitcoin Price crumbles as Selling Pressure roll back gains

Bitcoin price fall over the weekend as investors cash out after an upsized rally in the cryptocurrency.

The price of the Bitcoin which is the largest digital currency fell by ~11% on Monday and was last seen trading at $10,900 in Asian Markets. Bitcoin is still around 200% up in this year. Other digital coins also saw a decline as Ethereum declined by 4.2% and Ripple by 5.1%.

Bitcoin previously was on the rise as Optimism regarding widespread adoption of Digital Currencies gained Momentum. Bitcoin was on a declining trend for most of 2018 and 2019. The current price level was last seen in 2018.

Source: CoinMarketCap.com

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