10/6/2020, 7:48 PM (Source: TeleTrader)
more TeleTrader news

Bitcoin stays flat despite $30M sell wall on Binance

Bitcoin (BTC) price stood flat on Tuesday even though Cole Garner, a blockchain analyst, revealed there is a 2,800 BTC sell wall on the cryptocurrency exchange Binance. That represents an equivalent to a batch of sell orders worth $30 million.

The price of Bitcoin has been stable and was testing the resistance level of $11,000 but was unable to push through. Meanwhile, the sale of cryptocurrencies is said to be banned in the United Kingdom from January 6, 2021, because of the "harm" it can cause.

The price of Bitcoin stood flat $10,712.37 at 1:46 pm ET. Price of the second biggest cryptocurrency Ethereum fell 0.98% at the same time standing at $348,42.

Baha Breaking the News (BBN) / TF