Bitcoin continues to face downward pressure despite fears of a continued rout seeming to dissipate. Forced liquidations ran as high as $4 billion on May 19th during the rout according to Bloomberg Intelligence, leaving investors with plenty of scar tissue following the recent pullback. Despite the shakeout, Bitcoin appears to have found a footing, as the currency briefly traded back up to $40,000. Despite the recent bounce, investors should remain wary given the volatility associated with digital assets. Bitcoin has appeared to struggle to materially break above the $40,700 level following the recent pullback, which ... (full story)