Bitcoin Hits Weekly Low as Fears of a $37M Dump Grow

Bitcoin was heading lower on Tuesday as concerns over a potential $37 million dump grew over traders’ consciousness.
The benchmark cryptocurrency hit a new weekly low at $9,116.35 during the early European session, down 5.23 percent from its year-to-date peak of $9,619.95, established Monday. Meanwhile, CME Futures linked to bitcoin plunged by up to 6.13 percent to $9,190.
Bitcoin pullback in play after validating $9,600 as resistance | Source: TradingView.com, Coinbase
The plunge took pla