Bitcoin (available on Coinbase) price (BTC) trades in the narrow range of $9,300 level over the last 24 hours after bulls fail to breach the $10K mark during the weekend trading. Although traders blame Warren Buffett and Bill Gates for the price collapse, a lack of fundamental support also contributed to the selloff.

The recent bull-run was supported by trader’s optimism over Goldman Sachs entry into the cryptocurrency markets. Market analysts, however, believe Bitcoin (available on Coinbase) price needs sTron (available on Binance)g support to crossover $10K level as technical factors aren’t supporting another rally.

The coin hasn’t also been receiving fundamental support from market activities. Indeed, when studying a Google search trend chart it’s obvious to see that trader’s interest for Bitcoin (available on Coinbase) declines steadily – which isn’t a pleasant sign for bulls who expect sustainable growth.

Source Image: trends.google.com

Trader’s interest for Bitcoin (available on Coinbase) dropped to the lowest level since early October.

The huge drop in interest is due to regulators interference and enforcement of anti-money laundering laws. Reports had suggested that illegal trading activities accounted for half of the trading volume when BTC had hit the all-time high at the end of the year.

EOS and IOTA Outshine Top Ten Cryptocurrencies

EOS (EOS) price resumed the uptrend today. The fifth largest coin trades above $18 level once again. It was up 10% earlier today before falling later in the trading. The demand for EOS coin remains robust as its trading volume stands at $1.69 billion, the third largest trading volume in cryptocurrency market. Only Bitcoin (available on Coinbase) and Ethereum (available on Coinbase) have better trading volume then EOS. Analyst claims that EOS price has the potential to reach its all-time high that it achieved at the end of last month.

Source Image: coinmarketcap.com

IOTA (MIOTA) is the most significant gainer among the top ten coins in Tuesday trading. The aLTCoin rose 11% today to $2.40. Its partnership with Porsche supports the price gains.

IOTA News Tweeted, “The @PorscheLab is looking forward to work togETHer with @iotatoken & @Porsche on a @StartupAutobahn Project. #StartupAutobahn is the ultimate innovation platform that unites tech companies with the tech expertise of #SilliconValley & the best of German engineering. #Porsche #IOTA.”

Featured Image: Depositphotos/© mdkhalil1

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