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Bitcoin Breaches $86,000 While Sinking Toward Year’s Lows
Bitcoin dropped below $86,000 for the first time in two weeks, with investor sentiment weakening as the largest cryptocurrency slips deeper into bear market territory. Bitcoin has been drifting toward the lower bound of its recent trading range with any bounce in price being met by selling from investors who purchased the original cryptocurrency near the all-time high reached in early October, analysts said. Bitcoin fell as much as 3.7% to $85,171 on Monday, before regaining some ground to trade just above $86,000 in Asia Tuesday morning. It is down around 30% from its record high of more than $126,000. “We’ve ... (full story)
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