Bitcoin runs out of steam ahead of halving milestone
The largest digital token tumbles 13% ahead of a closely watched technical event
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. ..