Summary
- Bitcoin (BTC) slipped and traded at $77,969.14, below $78,000.
- Major altcoins including Ether (ETH) and XRP also traded lower.
- The market viewed mention of a possible Bitcoin sale by Strategy as weighing on investor sentiment.
Forecast Trend Report by Period
Bitcoin slipped below $78,000.
As of May 18, Bitcoin was trading at $77,969.14 on Binance's USDT market, down 0.28% from a day earlier. On Upbit's won market, it traded at 116,041,000 won, down 0.57%.
Major altcoins including Ether also weakened. Ether traded at $2,175.25 on Binance's USDT market, down 0.23% from the previous day, while XRP fell 0.33% to $1.4097.
The market viewed mention of a possible Bitcoin sale by Strategy as weighing on investor sentiment. In a recent filing with the U.S. Securities and Exchange Commission, the company said selling Bitcoin was one option for raising funds to repurchase about $1.5 billion of convertible notes.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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