Bitcoin runs out of steam ahead of halving milestone
The largest digital token tumbles 13% ahead of a closely watched technical event
11 May 2020 - 19:14
Bitcoin appears to be running out of steam just before one of the most anticipated milestones among cryptocurrency enthusiasts.
The largest digital token tumbled over the weekend, declining about 13% to about $8,675. It rebounded to about $8,840 as of 10am in New York trading on Monday. The decline took place ahead of a closely watched technical event known as its halving, when the rewards miners receive for processing transactions will be cut in half as soon as later Monday. ..
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