{"id":28981,"date":"2020-09-21T18:32:07","date_gmt":"2020-09-21T15:32:07","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=28981"},"modified":"2025-08-27T14:25:45","modified_gmt":"2025-08-27T11:25:45","slug":"bitcoin-slips-below-10400-as-exchange-inflows-intensify","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-slips-below-10400-as-exchange-inflows-intensify\/","title":{"rendered":"Bitcoin slips below $10,400 as exchange inflows intensify"},"content":{"rendered":"

Bitcoin faced unyielding resistance at the $11,000 level. Over the 24 hours, BTC shed more than 4% amid rising miner inflows to exchanges.<\/p>\n

At the time of writing, the first cryptocurrency was trading around $10,400.<\/p>\n

\\\"Bitcoin<\/p>\n

Intraday BTC\/USD chart for Bitstamp exchange from TradingView.<\/p>\n<\/div>\n

Over the previous session, exchanges took in 784 BTC. The average inflow over the last 30 days stood at 265 BTC.<\/p>\n

\\\"Bitcoin<\/p>\n

Source: Glassnode<\/a>.<\/p>\n<\/div>\n

Bitcoin’s daily losses are not as severe as Ethereum, which fell by 9.79%. Yet the steepest drop among the top-10 was Chainlink, down 14.28%.<\/p>\n

\\\"Bitcoin<\/p>\n

\\n<\/p>\n

In traditional markets, the week also opened with declines. At the time of writing, major European indices\u2014DAX, FTSE and CAC\u2014were down about 3% on average.<\/p>\n

S&P 500-linked futures fell 2.61%, but the dollar index rose about 0.7% against other major currencies.<\/p>\n

\\\"TradingView<\/p>\n

TradingView: Major currency indices.<\/p>\n<\/div>\n

\\n<\/p>\n

As CoinDesk analysts note, investors may have been alarmed by rising coronavirus infections in Europe. The sell-off in equities is linked to fears of a fresh economic downturn. As the dollar rises, investors may continue to flee risky assets.<\/p>\n

\\n<\/p>\n

Earlier, some analysts stated<\/a> that miners’ selling of bitcoins would not stop the market from rising, although it could lead to a price correction.<\/p>\n

\\n<\/p>\n

Subscribe to ForkLog’s updates on Facebook<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin faced unyielding resistance at the $11,000 level. In 24 hours, BTC price fell more than 4% amid rising miner inflows to exchanges.<\/p>\n","protected":false},"author":1,"featured_media":28982,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480],"class_list":["post-28981","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price"],"aioseo_notices":[],"amp_enabled":true,"views":"7","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/28981","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=28981"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/28981\/revisions"}],"predecessor-version":[{"id":28983,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/28981\/revisions\/28983"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/28982"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=28981"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=28981"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=28981"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}