Bitcoin Price Drops as Turkey Bans Crypto Payments Amid Currency Crisis
Turkey's crypto ban sets a bad precedent for other countries mulling similar moves.
"The whale entities chart could show that smaller retail investors are purchasing bitcoin, and large holders are selling into that rally," one hedge fund CEO said.
DOGE now has a market value of more than $50 billion, surpassing the giant U.K. bank Barclays after tripling in price.
Bitcoin nosedived to a three-week low of $52,148 during Sunday's Asian hours.
Option traders continue to snap up cheap out-of-the-money call option at the $80,000 strike.
BTC is roughly 7% lower from its all-time high, similar to the April 1 pullback.