Bitcoin Dips Below $59K as Leverage Ratio, SHIB Rally Signal Excess Speculation
- Date: 27-Oct-2021
- Source: Yahoo News
- Sector:Financial Markets
- Country:Middle East
Bitcoin Dips Below $59K as Leverage Ratio, SHIB Rally Signal Excess Speculation
Bitcoin is trading with a heavy tone amid signs of excess leverage and greed in the market.
The largest cryptocurrency by market value was changing hands near $58,900 at press time, representing a 2.3% drop on the day. It is down 12% from last week’s record high of $66,975, CoinDesk 20 data shows.
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