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Bitcoin - Brief respite or recovery?
It’s been an awful couple of months for bitcoin , plunging more than 50% from its highs and looking extremely vulnerable to further losses. What started as a correction in the cryptocurrency has morphed into part of a broader sell-off that’s pummelled bitcoin along with other risk assets. The concerning thing for bitcoin is that there is still plenty of anxiety in the markets and it is not far away from a massive support level . Some may be encouraged by the rebound in the second half of today’s session but it’s still early days. Risk assets have taken a beating and this rebound only erases a small portion. ... (full story)