Bitcoin declines after positive momentum

Hanno Labuschagne

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Bitcoin declines after positive momentum

Bitcoin declined for the first time in five trading sessions, with losses accelerating after it failed to sustain the positive momentum seen following this past weekend’s flash crash.

The largest digital token slipped below the $50,000 level, with losses extending in afternoon trading in New York. Bitcoin was down 6% to $47,602 as of 4:06 p.m., while other digital assets also dropped.

Smaller ones, including Monero and EOS, were among the hardest-hit.

[Bloomberg]
 
Cannot help but think it is being heavily manipulated by powerful syndicates who make billions on these fluctuations.
 
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