“Bitcoin’s rally this year has hit a speed bump, putting it on track for the worst weekly slide in almost a year amid wider losses in risk assets,” reports Fortune: The largest cryptocurrency slumped as much as 20% this week, the most since March, and was holding at about $46,925 as of 10:22 a.m. in Hong Kong. The wider Bloomberg Galaxy…
Tag: boom and bust
Bitcoin Is Gunning for a Record and No One Is Talking About It
Three years ago, Bitcoin’s historic surge dominated Thanksgiving dinner conversations. This year, the cryptocurrency is in the midst of another notable rally and yet almost no one’s talking about it. From a report: How fevered has Bitcoin’s latest leg higher been? With the coin trading around $16,300, it’s been more expensive in only eight other instances in the past decade, Bloomberg…