News Magazine

Bitcoin drops, further losses expected | Business

A fresh bout of selling on Friday drove bitcoin down as much as 7.9{41490b4d0cf0dbc5ec3f65e11fff509c7d6ed2a53a838ebf7adf43f0908f07f3} to $47,525 — below its 100-day moving average — as it continued to take out key technical levels. Wall Street analysts warn of further losses for the notoriously volatile currency that hit a record high of $64,870 on April 14 ahead of Coinbase Global Inc.’s listing, before succumbing to an unexplained weekend swoon.

This week’s roughly 20{41490b4d0cf0dbc5ec3f65e11fff509c7d6ed2a53a838ebf7adf43f0908f07f3} rout marks the worst period for bitcoin since it tumbled amid a wider slump in risk assets at the end of February. Even digital currencies that have managed to eke out gains over the past few days, like Ether and the satirical Dogecoin, tumbled on Friday as the crypto space turned into a sea of red.

This page requires Javascript.

Javascript is required for you to be able to read premium content. Please enable it in your browser settings.

kAm“q:[email protected]:? 92D D=:AA65 [email protected] E96 d_52J >@G:?8 2G6C286 [email protected] E92E :E 96=5 [email protected]?4E [email protected] E9:D C2==J[” D2:5 !2?<2; q2=2?:[ rt~ @7 s6=E2 tI492?86] “xE [email protected]@<D =:<6 E96C6 😀 >@C6 [email protected]?D:56 96C6]”k^Am

kAm{41490b4d0cf0dbc5ec3f65e11fff509c7d6ed2a53a838ebf7adf43f0908f07f3}96 =2E6DE E9C62E [email protected]>6D [email protected]> 2 [email protected]@>36C8 }6HD [email protected] {41490b4d0cf0dbc5ec3f65e11fff509c7d6ed2a53a838ebf7adf43f0908f07f3}9FCD52J E92E E96 q:56? 25>:?:DEC2E:@? 😀 [email protected]?D:56C:?8 C2:D:?8 E96 E2I @? 42A:E2= 82:?D [email protected] bh]eT [email protected] [email protected] 62C?:?8 >@C6 E92? S` >:==:@? 2 J62C] {41490b4d0cf0dbc5ec3f65e11fff509c7d6ed2a53a838ebf7adf43f0908f07f3}92E H2D [email protected] [email protected] :8?:E6 E96 3:886DE D=:56 😕 &]$] [email protected]<D 😕 7:G6 H66<D] &]$] :[email protected] 😕 3:[email protected]:?[ H9:49 92D 25G2?465 >@C6 E92? f_T E9:D J62C 56DA:E6 :ED C646?E AF==324<[ 2=C625J 7246 2 42A:E2= 82:?D E2I :7 E96J D6== E96 [email protected]?4J 27E6C [email protected]=5:?8 :E [email protected] >@C6 E92? 2 J62C]k^Am

kAmqFE E96 [email protected]:?’D 366? @?6 @7 E96 [email protected]>:?8 2DD6ED 😕 C646?E J62CD — [email protected]?6 [email protected] [email protected] 2 J62C [email protected] 😀 D:EE:?8 @? 2 ?62C=J dd_T 82:?] [email protected] :[email protected] [email protected] [email protected] 😕 pAC:= a_`h[ :E’D [email protected]=J g__T]k^Am

kAm{41490b4d0cf0dbc5ec3f65e11fff509c7d6ed2a53a838ebf7adf43f0908f07f3}@ 36 DFC6[ E96 [email protected]@D2= H:== 92G6 [email protected] H:?5 :ED H2J [email protected] [email protected]?8C6DD 2?5 6G6? :7 :E’D A2DD65[ :[email protected] [email protected]?’E J6E <[email protected] H96? :E [email protected]=5 [email protected] :[email protected] 67764E[ D2:5 $:>@? !6E6CD[ [email protected] 2?2=JDE 2E >F=E:2DD6E :?G6DE>6?E [email protected]> 6{41490b4d0cf0dbc5ec3f65e11fff509c7d6ed2a53a838ebf7adf43f0908f07f3}@[email protected]]k^Am

kAmqFE[ “H6 2C6 4=62C=J D66:?8 [email protected]>6 D6==:?8 AC6DDFC6[” D2:5 !6E6CD] “{41490b4d0cf0dbc5ec3f65e11fff509c7d6ed2a53a838ebf7adf43f0908f07f3}9:D 92D [email protected]:?4:565 H:E9 E96 [email protected] >2C<6E 2C8F23=J [email protected]@<:?8 BF:E6 [email protected] 27E6C 2 C2>A FA 😕 AFC492D6D — 2?5 AC:46D — 😕 C646?E >@?E9D[ H:E9 E9:D [email protected]?46>6?E 24E:?8 2D 2 42E2=JDE [email protected] 2 566A6C C6EC246>6?E]”k^Am

kAm{41490b4d0cf0dbc5ec3f65e11fff509c7d6ed2a53a838ebf7adf43f0908f07f3}96 x#$ 92D DE6AA65 FA [email protected]>6?E @7 E2I [email protected]==64E:@? @? [email protected] D2=6D] {41490b4d0cf0dbc5ec3f65e11fff509c7d6ed2a53a838ebf7adf43f0908f07f3}96 286?4J — H9:49 3682? 2D<:?8 [email protected] FD6CD [email protected] 5:[email protected] EC2?D24E:@?D @? E96:C a_`h :?5:G:5F2= E2I C6EFC?D — 2D<D E2IA2J6CD H96E96C E96J “C646:G65[ [email protected]=5[ D6?E[ 6I492?865 @C @E96CH:D6 24BF:C65 2?J 7:?2?4:2= :?E6C6DE 😕 2?J 5:8:E2= 4FCC6?4J]”k^Am

kAmq:[email protected]:? [email protected]<6 [email protected] :ED `__52J >@G:?8 2G6C286 62C=:6C uC:52J] [email protected] >2?J 492CE:DED[ :ED ?6IE [email protected] =6G6= 😀 [email protected]?5 :ED `d_52J =:?6[ [email protected][email protected] 3J :ED [email protected]?86CE6C> a__52J @?6 [email protected]?5 Sbc[da_] qFE[ [email protected]>6 >:89E 36 962CE6?65 3J E96 724E E92E :ED C6=2E:G6 DEC6?8E9 :?5:[email protected] 😀 ?62C:?8 2? @[email protected]=5 =6G6= W:E’D 4FCC6?E=J 2E b_]dX[ >62?:?8 E92E 3:[email protected]:? [email protected]=5 D66 2 C6AC:6G6 [email protected]> E96 D6==:?8]k^Am

kAmr2CE6C (@CE9 2E [email protected][email protected]?6 |[email protected] D2:5 9:D 2?2=JD:D [email protected]:?ED [email protected] 3:[email protected]:? 72==:?8 [email protected] Sc_[___] {41490b4d0cf0dbc5ec3f65e11fff509c7d6ed2a53a838ebf7adf43f0908f07f3}92E [email protected]=5 92AA6? :7 :E 3C62<D [email protected] E96 EC6?5 =:?6 E92E’D 366? 😕 67764E E96 A2DE D:I >@?E9D] {41490b4d0cf0dbc5ec3f65e11fff509c7d6ed2a53a838ebf7adf43f0908f07f3}96 =6G6= [email protected]@?5D [email protected] 3:[email protected]:?’D `d_52J >@G:?8 2G6C286 2?5 92D [email protected] D:8?:7:42?46 5FC:?8 E9:D J62C’D EC25:?8 — :E [email protected] C6D:DE2?46 😕 y2?F2CJ H9:=6 @776C:?8 [email protected] 😕 =2E6 u63CF2CJ]k^Am

kAm$E:==[ :[email protected] >2J ?665 [email protected] 3F4<=6 FA [email protected] >@C6 [email protected]=2E:=:EJ 😕 E96 ?62CE6C>]k^Am

kAm“[email protected]=6 92G6 366? E2=<:?8 [email protected] E96 42A:E2= 82:?D E2I 2?5 &]$] [email protected]<>2C<6E [email protected] 36:?8 E96 42E2=JDE @7 E9:D[” D2:5 {41490b4d0cf0dbc5ec3f65e11fff509c7d6ed2a53a838ebf7adf43f0908f07f3}@55 |@C2<:D[ [email protected]@F?56C @7 5:8:E2=7:?2?46 [email protected] 2?5 D6CG:46 [email protected]:56C y${41490b4d0cf0dbc5ec3f65e11fff509c7d6ed2a53a838ebf7adf43f0908f07f3} r2A:E2=] “x7 :E 😀 ECF6 H6’G6 >@G65 [email protected]@ >F49 — 3FE @?46 3:[email protected]:? 86ED 2 9625 @7 DE62> :E 😀 [email protected] [email protected] [email protected] F?=6DD [email protected] 2C6 2E 2 E649?:42= 2C62]”k^Am