Bitcoin dips under $60,000 — What's pulling down BTC price?

Cointelegraph

Published Apr 17, 2021 03:01PM ET

Updated Apr 17, 2021 07:40PM ET

The price of Bitcoin (BTC) declined below $60,000 on April 17 after a strong rally throughout the past week in anticipation of the Coinbase public listing on Nasdaq.

However, after the COIN listing, which is the ticker of the Coinbase stock, the cryptocurrency market started to correct.

BTC/USDT 1-day price chart (Binance). Source: TradingView.com
Bitcoin funding rates. Source: Bybt.com
The Bitcoin options market open interest is ranging. Source: Bybt.com

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