. Bitcoin falls to the lows of the day - Trade FX, CFD, Stocks, BTC, Indices, Gold & Oil - 1:1000 Leverage & Bonus - CSFX

Bitcoin falls to the lows of the day

17 Jun 2021

Crypto also feeling the volatility today

Bitcoin rose as high as $39,554 today but is now at a session low at $37,710. That’s the lowest since Elon Musk gave it another lift on Sunday.

Unlike some commodity markets, bitcoin is comfortably within recent ranges. I worry though that the failure to hold above $41,000 signals a short-term top.


On the fundamental side, a strengthening US dollar and diminishing concerns about inflation are both negatives, though I suspect that’s only a small factor.

Invest in yourself. See our forex education hub.