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Bitcoin narrowly avoids falling under $60,000 as it bounces off lows
Bitcoin bounced off its recent low on Friday after narrowly avoiding falling below the key $60,000 mark, but some market commentators suggested there’s more selling to come. Late on Thursday, the world’s biggest cryptocurrency fell below $61,000 and hovered just above the $60,000 mark. As of 4:54 a.m. ET on Friday, Bitcoin was recovering slightly, trading at $66,015. A number of factors have contributed to the bitcoin bear market, which began after bitcoin hit a record high above $126,000 in October. Why is bitcoin falling? The sell-off comes amid a continued drop in tech stocks in the U.S. Bitcoin has often been ... (full story)
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