Blue Monday? Bitcoin tumbles 5% after weekend battering

Blue Monday? Bitcoin tumbles 5% after weekend battering

Blue Monday? Bitcoin tumbles 5% after weekend battering

Information about Blue Monday? Bitcoin tumbles 5% after weekend battering

Kevin David Scam or Legit


By Alun John and Tom Wilson
HONG KONG – Bitcoin tumbled almost 5% on Monday as the start of the week offered little respite to the world’s largest cryptocurrency after a bruising weekend where at one point it lost over a fifth of its value.
The rout sent bitcoin’s price and the amount invested in bitcoin futures back to where they were in early October, before a massive price surge that sent the token to an all-time high of $69,000 on Nov. 10.
It was last down 3.9% at $47,567.
Traders said the weekend fall was connected to a broad move away from riskier assets in traditional markets over worries about the Omicron variant of the coronavirus, combined with lower trading liquidity that tends to plague cryptocurrencies at …

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