Bitcoin slips below $60,000 for the first time in more than two weeks
Information about Bitcoin slips below $60,000 for the first time in more than two weeks
Kevin David Scam or Legit
(Reuters) -Bitcoin, the world’s biggest and best-known cryptocurrency, slipped below $60,000 on Tuesday, taking losses from a record high of $69,000 struck on Nov. 10 to more than 12%.
Bitcoin was down 5% at $60,391.3 at 1253 GMT, after earlier falling as much as $58,563, its lowest since Oct. 28, while Ether, the second-biggest cryptocurrency by market value, was down 6.8% at $4,253.08.
Cryptocurrency analysts could not identify any particular news driving the falls, which they said seemed to be driven by profit taking after a recent sharp run-up.
Bitcoin has more than doubled in value since June, driven by the mainstream adoption of cryptocurrencies and the launch in the United States of futures-based bitcoin exchange traded funds.
And on Sunday it went through a major upgrade, called Taproot, that enables its blockchain to …