• Bitcoin edges lower for its worst weekly performance in over a month as as cryptocurrencies struggle to recover from heavy sell-off

    10 days ago - By Business Insider

    Summary List Placement Bitcoin slipped Friday to clock its worst weekly performance in more than a month as the world's largest cryptocurrency by market cap inches closer to a key support level of $30,000.
    Bitcoin on Friday morning was trading at $31,363 as of 8:30 a.m. ET, according to data from CoinMarketCap.
    An eventual break below this level will be crucial, Julius de Kempenaer, senior technical analyst at StockCharts.com, told Insider .
    "If and when this happens, $20,000 is on the cards as the next level of support to watch," said.
    The selling pressures began on Thursday when the...
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  • Bitcoin edges lower for its worst weekly performance in over a month as as cryptocurrencies struggle to recover from heavy sell-off

    Bitcoin edges lower for its worst weekly performance in over a month as as cryptocurrencies struggle to recover from heavy sell-off

    10 days ago - By Business Insider

    Representations of virtual currency bitcoin are placed on US dollar banknotes taken May 26, 2020.
    REUTERS/Dado Ruvic
    Bitcoin edged lower Friday to its worst weekly performance in more than a month, nearing $30,000.
    Other major cryptocurrencies are also trading lower.
    A myriad of headwinds have battered crypto, from Fed Chair Powell's comments on regulation to Binance's ongoing scrutiny.
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    Bitcoin slipped Friday to clock worst weekly performance in more than a month as the world's largest cryptocurrency by market cap...
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