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Bitcoin falls 5% to one-week low, with breach below $3,500 at risk

From marketwatch.com

Bitcoin prices on Wednesday traded to their lowest level in a week and were on the brink of falling below a psychologically significant level below $3,500. The price of a single bitcoin, BTCUSD, -4.90% the world’s largest cryptocurrency, was last trading at $3,700.30, down 5.2% since Tuesday at 5 p.m. Eastern Time on the Kraken crypto exchange and to its lowest level since Nov. 27. Despite the persistent selling pressure, one market watcher said at these levels there is more upside than downside for those looking to find a buying point. “Bitcoin continues flirting with the [$4,000] level as it struggles to find its ... (full story)

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  • Category: Fundamental Analysis