Bitcoin nearly touched the $72,000 mark on Wednesday, marking the second straight day of its massive retreat this week.
The world’s oldest cryptocurrency sank as low as $72,096.20, plunging more than 5% on the day. It was last trading at $72,958.38, down about 4% on the day. Bitcoin is currently more than 40% off its record high of about $126,000 hit last October.
Bitcoin first broke below the $73,000 mark on Tuesday, hitting its lowest price in roughly 16 months and approaching its pre-election value. Analysts say $70,000 is a key level to watch as the digital asset’s downturn deepens, according to a Citi note to clients dated Tuesday.
The token’s value is bleeding as a result of several of geopolitical and economic challenges, among other headwinds...........
www.cnbc.com
The world’s oldest cryptocurrency sank as low as $72,096.20, plunging more than 5% on the day. It was last trading at $72,958.38, down about 4% on the day. Bitcoin is currently more than 40% off its record high of about $126,000 hit last October.
Bitcoin first broke below the $73,000 mark on Tuesday, hitting its lowest price in roughly 16 months and approaching its pre-election value. Analysts say $70,000 is a key level to watch as the digital asset’s downturn deepens, according to a Citi note to clients dated Tuesday.
The token’s value is bleeding as a result of several of geopolitical and economic challenges, among other headwinds...........
Bitcoin bleeds for second straight day, nearly grazes $72,000
Bitcoin sank as low as $72,096.20 on Wednesday, marking its second consecutive day breaking below the $73,000 level.
