Bitcoin treasury bills yet again is experiencing a surge in bids, over 6,000 bids in a Little Over an hour,with a total market valuation of $1billion
Investors are in panic mode as the number-one cryptocurrency by market value is trading near $29,500 [updated] at press time, representing a near 10% drop on the day.
Bitcoin has been trading in a tight consolidation for the past six days, with several failures to close above $32,500,
From a technical analysis point of view, it is consistently making lower highs. The short-term momentum indicates a possible slide to $26,000.
From investors point of view says James connel a renowned bitcoin expert, investors are seeking a safe haven and there is no better way to invest than bidding in bitcoin treasury bills.