Connect with us

Business

Arca CIO Jeff Dorman Explains Bitcoin’s Nearly $10K Drop Over the Weekend – CryptoGlobe

On Sunday (April 18), Jeff Dorman, who is the Chief Investment Officer (CIO) at NYSE Arca (which is “the top U.S. exchange for the listing and trading of exchange-traded…

Published

on

Article feature image

On Sunday (April 18), Jeff Dorman, who is the Chief Investment Officer (CIO) at NYSE Arca (which is the top U.S. exchange for the listing and trading of exchange-traded funds), gave three reasons for this past weekends Bitcoin price crash.
Data by TradingView indicates that on crypto exchange Bitstamp when the past weekend started (i.e. 00:00 UTC on April 17), Bitcoin was trading at $61,436. It got as high as $62,523 at 09:00 UTC on April 17. Then, at 03:35 UTC on Sunday (April 18), the Bitcoin…

Click here to view the original article.