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Last Sunday, Bitcoin had dropped 13% in three days, to $76,790.
By Thursday it had dropped another 21%, to $60,062.
This morning it’s at $69,549 — up from Thursday, down from Sunday, but 44% lower than its all-time high in October of $123,742. In short, Bitcoin “is down almost 30% this week alone,” reports CNBC:
“This steady selling in our view signals that traditional investors are losing interest, and overall pessimism about crypto is growing,” Deutsche Bank analyst Marion…
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Last Sunday, Bitcoin had dropped 13% in three days, to $76,790.
By Thursday it had dropped another 21%, to $60,062.
This morning it’s at $69,549 — up from Thursday, down from Sunday, but 44% lower than its all-time high in October of $123,742. In short, Bitcoin “is down almost 30% this week alone,” reports CNBC:
“This steady selling in our view signals that traditional investors are losing interest, and overall pessimism about crypto is growing,” Deutsche Bank analyst Marion…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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