3 reasons Bitcoin just fell below $ 11K for the first time in a month – CoinDesk – CoinDesk
Bitcoin prices fell 6.2% on Thursday, falling below $ 11,000 for the first time in a month.
The drop in prices reduced the biggest cryptocurrency rally of 2020 to 50% and made digital asset traders and analysts scramble to explain the sell-off.
Here are three reasons cited by analysts:
1. Bitcoin has slipped in sync with traditional markets
The Standard & Poor’s 500 index of large US…
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