Cryptocurrencies

Bitcoin’s Big Selloff Was a Long Time Coming: Investors React

  • Signs of overheating across crypto market after record gains
  • Family offices and hedge funds eye market technical charts
Bitcoin Plunges Below $50,000 in Worst Week in Two Months
Lock
This article is for subscribers only.

Bitcoin has rewarded investors with massive gains all year, but now the cryptocurrency’s famous volatility is back.

The token plunged below $50,000 in Friday trading for its worst week in almost two months as a proposed tax hike for wealthy Americans intensifies an industry selloff.