By Joanna OssingerBitcoin dropped further below $60,000 to its lowest level in about three weeks amid a broader decline in cryptocurrencies, as concerns about U.S. taxation and China’s continued crackdown swirled. The largest cryptocurrency was down about 2.5% to $59,000 as of 11:23 a.m. in Hong Kong on Wednesday, retreating for a fourth straight day. Ether fell 3.4% to $4,110 to its lowest level since Oct. 28. The top tokens were all nursing declines of at least 10% over the past seven days.
Presented ByDid you Know?
Indians' investments in crypto grew from about $200 million to nearly $40 billion in the past year
View Details »“This minor pullback creates an attractive risk/reward to buy dips for a push higher in the weeks to come,”
Read more on economictimes.indiatimes.com