Bitcoin falls back into red, dips under $98k

WEB DESK: Bitcoin opened Saturday in the green, staying above the $98,000 mark for the first 37 minutes of trade.

However, it dropped to $97,888.51 around 00:39 UTC, a decline of $216.49. The cryptocurrency had closed the previous trading session at $98,105.00.

The downtrend worsened around 01:21 UTC, with the BTC/USD rate falling to $97,796.31, showing a drop of $308.69, the steepest decline of the day as of 03:56 UTC.

Bitcoin saw a slight recovery, rising from the day’s low of $97,796 to $98,032 around 01:49 UTC, climbing back above the $98,000 level but still $73 lower than Friday’s close.

The highest price before 04:00 UTC was recorded at $98,252.86 around 02:54 UTC, a rise of $147.86.

Update: Bitcoin is fluctuating heavily, and as of 04:08 UTC, it has again entered the red zone, falling to $97,934, showing a decline of $170.18, or 0.17 per cent.

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