Bitcoin Slides Below $35,000 as Crypto Mania Loses Momentum

------

The Bitcoin fever is starting to break as worries about a market bubble discourages investors from buying in.

Prices for the largest cryptocurrency dipped as much as 8.4% on Wednesday and traded below $34,000.

Ever since the market shot through all-time highs in early January, Bitcoin has been beset by volatility and skepticism that the run-up has been excessive.

Analysts have pointed to $40,000 as the key level that Bitcoin needs to surpass in order to draw fresh money from investors riding cryptocurrency momentum.

↓続きはこちらから

https://www.bloomberg.com/news/articles/2021-01-20/bitcoin-slides-below-35-000-as-crypto-mania-loses-momentum