Published on June 11th, 2018 | by bitcoin0
Markets Update: Secret Costs Drain After Weeks End
Also Read: CFTC Subpoenas Leading Exchanges for Trading Data
Crypto Markets Take a Jab to the Gut This Weekend
A dump took place today that hit markets below the belt, as most cryptocurrencies lost significant values.
Last week, towards the beginning of the weekend, markets were pretty stable and consolidating tightly into a triangular formation.
Just before that moment on June 9, just like last time when U.S. regulators initially announced the manipulation probe, markets slid about 1-hour before the announcement.
BTC Market Action
On Sunday, June 10, Bitcoin Core (BTC) markets are down 9.8 percent and over the past seven days, BTC markets are under by 11 percent.
Because markets keep sliding, then recovering, then sliding downwards, even more, has caused enthusiasts and traders to be skeptical of any bullish signals.