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Bitcoin Struggles To Recover After 6% Drop

From forbes.com

Bitcoin prices have been trading south of $9,000 for much of today, fighting to recover after declining to their lowest since late October earlier today. The world’s most prominent digital currency fell to as little as $8,666.39 around 10 a.m. EDT, having lost nearly 6% of its value in less than 24 hours, CoinDesk data shows. At this point, the cryptocurrency was trading at its lowest since October 25, additional CoinDesk figures reveal. Following this decline, bitcoin has experienced only modest gains, rising from its intra-day low to nearly $8,900 around 5 p.m. EDT. [Ed note: Investing in cryptocoins or tokens is ... (full story)

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  • Category: Fundamental Analysis