Bitcoin Trades At Lowest Since February After Suffering Further Losses

Bitcoin Trades At Lowest Since February After Suffering Further Losses

This is a BETA experience. You may opt-out by Bitcoin prices have failed to rally after their recent losses. (Photo by INA FASSBENDER / AFP) ... [+] (Photo by INA FASSBENDER/AFP via Getty Images) Bitcoin prices pushed lower today, building upon the notable declines they experienced the day before. The digital currency fell below $35, 400 today on TradingView, at which point it reached its lowest point since February. The cryptocurrency then recovered slightly, climbing to roughly $36, 400, additional TradingView figures show. Since that time, the digital asset has experienced modest volatility, trading close to $36, 000 at the time of this writing. [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.] When explaining the latest price movements in bitcoin, analysts cited several factors, including the potential capitulation of investors and the significant correlation the digital currency has had with other risk-on assets as of late. "Digital assets are moving very much in tandem with other risk assets as volatility continues to be an issue," said Martha Reyes, head of research at digital asset prime brokerage and exchange Bequant. Tim Enneking,