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.
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"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.
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