Bitcoin Prices Struggle Below Key $50,000 Price Level

Bitcoin Prices Struggle Below Key $50,000 Price Level

This is a BETA experience. You may opt-out by Bitcoin prices have been having a hard time staying above $50, 000. 3d Rendering Bitcoin prices have been trading south of $50, 000, a level that several analysts have described as crucial, for much of today. The world's most prominent digital currency was valued close to $49, 800 early this morning, before briefly climbing above $50, 350 hours later, CoinDesk data shows. However, it subsequently dropped below $50, 000, and it has been trading south of that price since then, additional CoinDesk figures reveal. This afternoon, the cryptocurrency fell to as little as $47, 537. 66, its lowest since Monday. [Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.] Several analysts offered their perspective on what these latest price movements mean. Marc Bernegger, a board member of Crypto Finance Group, spoke to the difficulty that bitcoin has had staying above $50, 000 lately. "$50, 000 is definitely an important psychological price level for bitcoin but as we see right now there is no strong support from market participants at this level." Armando Aguilar,