These Four Charts Show Some of Bitcoin’s Potential Trouble Spots
- Date: 07-Jan-2022
- Source: Bloomberg
- Sector:Financial Markets
- Country:Middle East
These Four Charts Show Some of Bitcoin’s Potential Trouble Spots
Bitcoin is down about 40% from its November record and there is increasing evidence the decline may not be done yet.
The largest cryptocurrency has failed to gain momentum in every attempted rally in the past couple of months, and dropped Friday to nearly $41,000. The latest declines come after minutes of the Federal Reserve’s December meeting showed a potential for earlier- and faster-than-expected rate increases, as well as considerations about balance-sheet runoff.
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