Bitcoin tumbles 11% as cryptocurrency rally gives way to price pessimism
Prices are on track for their first back-to-back weekly decline since early October
21 January 2021 - 22:12
Bitcoin closed in on the lowest in three weeks as the cryptocurrency’s sizzling rally gives way to pessimism that prices are too high.
Bitcoin tumbled as much as 11.3% Thursday, sliding below $31,000. The largest digital asset has trended lower ever since breaking through $40,000, and losses have accelerated in the past two days...
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