Karlalhdz / Wikimedia Commons / CC BY-SA 4.0 (cropped/resized)
Bitcoin briefly fell below $74,000 in a Sunday selloff before recovering above that level, according to dollar-denominated trading data from Coinbase and Kraken.
On Coinbase’s BTC-USD market, the rolling 24-hour low was $73,477. The exchange’s hourly trading record places that low in the hour beginning at 4 p.m. Eastern on November 8.
That trough was about 2.9% below Coinbase’s rolling 24-hour opening price of $75,697.94, rather than a comparison with a stock-market closing bell. On Kraken’s bitcoin-dollar market, the 24-hour low was $73,444.30.
By about 7:11 p.m. Eastern, the latest trades returned by the exchanges’ data feeds were approximately $74,757 on Coinbase and $74,669 on Kraken. Both readings were back above $74,000 but remained above the day’s lows by different amounts on each venue.
The exchange records establish the price move and rebound, not a cause for the selling. The figures are specific to each exchange’s bitcoin-dollar market and the time checked; they are not a single consolidated price for all bitcoin trading.
Update, 10:43 p.m. Eastern: Bitcoin was back above $75,000 on Coinbase Exchange’s BTC-USD market, whose data returned a last trade of $75,041.53. That was about 1.01% below the venue’s rolling 24-hour open of $75,806.29. Coinbase listed a 24-hour high of $76,094.99 and a low of $73,477.00. This is Coinbase venue data, not a consolidated bitcoin price; the rebound does not establish a reason for the earlier selling.
JBizNews Desk | New York
© JBizNews.com. All rights reserved. Unauthorized reproduction or redistribution is strictly prohibited.
