Bitcoin falls below $27,000 again

Thanks to the activation of Asian investors, Bitcoin rose above $27,000 last Tuesday.

However, already during the European and American sessions, the activity of the bulls began to decline, and by the end of trading in the US, BTC lost ground.

At the time of publication of this review, the largest cryptocurrency was trading at around $26,688. During the day, its capitalization decreased by more than 2% to $518 billion.

Altcoins also came under heavy pressure and went down along with BTC.

Ether (ETH) fell 2.5% to $1,820. Binance Coin (BNB) also lost just over 2% to $307.

The Santiment report notes that on Tuesday trading in Asian markets with the participation of bitcoin and altcoins grew.

Traders have been acquiring the largest digital currencies on the back of the positivity caused by the easing of crypto policies in Hong Kong. In the summer, the process of licensing trading platforms will start here, which will be able to process transactions with the participation of retail investors.

However, European and American markets showed a decline. The result of the weakening activity of traders was the fall in the price of BTC below $27,000 and the subsequent rollback of other virtual currencies, experts emphasized.