Bitcoin’s Pullback Deepens After Record-Breaking Rally

December 19, 2024

Bitcoin’s Pullback Deepens After Record-Breaking Rally – Bloomberg

A Bitcoin slide from a record high earlier this week extended to more than 10% at one point, as reduced scope for looser US monetary policy crimped speculative zeal.

The price of the original cryptocurrency dropped as low as $95,564 on Thursday, two days after setting an all-time peak just above $108,000. The downturn weighed heavier on smaller tokens like Ether and Dogecoin.

 

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