Bitcoin tumbles 5% to below $47,000 as it heads toward its worst monthly slump since May
Ozan Kose/Getty Images
Bitcoin fell for a third straight session Wednesday and is heading toward its worst monthly performance in seven months, as investors wrap up trading for 2021.
The world's most valuable cryptocurrency was down 5.4% at $46,647.85 during Wednesday's session from Tuesday when it traded as high as $49,307.04, according to Coingecko.
Bitcoin has failed to hold $52,000 following a «short-term breakthrough» on Monday, said Adrian Kenny, senior sales trader at digital asset broker GlobalBlock, in a note Wednesday.
«Whilst Bitcoin's overall trading volumes were consistent, a total of 129,800 option contracts are set to expire on the 31st December which is believed to be fuelling overall wary sentiment for the short term,» Kenny
Read more on markets.businessinsider.com
