Bears intend to pin Bitcoin price below $43K until Friday's $700M expiry passes
Cointelegraph
Published Sep 30, 2021 05:24PM ET
Updated Sep 30, 2021 07:00PM ET
Bitcoin (BTC) has been trading in a descending pattern since the strong $53,000 rejection that occurred on Sept. 7, and the $3.4 billion futures contracts liquidation along with China's ban on crypto trading appear to have severely impacted traders' morale.
Adding to the negative sentiment, major crypto exchanges like Binance and Huobi halted some services in mainland China, and some of the largest Ethereum mining pools, like Sparkpool and BeePool were forced to shut down completely.
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Written By: Cointelegraph
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