China Is Opting Out of US-Run Financial System

SourceYahoo News
SectorFinancial Markets
CountryMiddle east

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Traders and analysts continue to talk up ether and alternative cryptocurrencies as bitcoin struggles to regain the $64,000 record price level attained weeks ago.

Bitcoin (BTC) trading around $52,964 as of 21:00 UTC (4 p.m. ET). Slipping 3.6% over the previous 24 hours.

Bitcoin’s 24-hour range: $52,622-$55,851 (CoinDesk 20)

BTC below the 10-hour and the 50-hour moving averages on the hourly chart, a bearish signal for market technicians.

The price of bitcoin was dropping Thursday, going as low as $52,622 and settling at $52,964 as of press time.

There’s been an almost $3,000 price change over the...read more...